USOIL - Retest of the Uptrendline?

Jan 9, 2019

USOIL made a good rally up after making a 1,5 year low of 42.35. How ever I expect a small drop to around the Uptrend line. If the Uptrend line won't be broken we could see another pump to the Resistance level of ~54,20.

To be updated

Jan 14, 2019

Note

Small pullback could be starting to play out from this level. Support zone is ~50-50,20

Jan 14, 2019

Note

There is the pullback, first Resistance of 52,20 target.

Jan 15, 2019

Note

We're in a bullish wedge atm with expectations to move up higher after a breakout of the wedge.