Technical analysis of USOIL (CL1!).
Bullish (green) and bearish (red) counts for USOIL.
Price likely to rise towards resistance at 94.99, with median line of pitchfork as target.
Bulls see EW count in a wave 3, with price to challenge 2022 highs and keep 94.99 as support once it breaks as resistance.
Bears see a wave c in progress, to complete a zigzag X in the 96.5-105 area, then roll back down with a Y below 63.61.
Bullish (green) and bearish (red) counts for USOIL.
Price likely to rise towards resistance at 94.99, with median line of pitchfork as target.
Bulls see EW count in a wave 3, with price to challenge 2022 highs and keep 94.99 as support once it breaks as resistance.
Bears see a wave c in progress, to complete a zigzag X in the 96.5-105 area, then roll back down with a Y below 63.61.
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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.