USOIL to Test Up
Interesting concept of a rainbow I guess but on one hand the CCI is hitting bottoms and the bottom arc is being tested. We could see a retrace to a zone hovering around 50$ were price will be tested strongly if it does in fact follow the arc.
Note
Chart update
Trade active
Trade active, target is $48, see you guys there!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.