Hello traders, This is a great opportunity for us in USOIL. The trend is bullish, every dip is bought so that tells us that bulls are ready to push this higher in the coming year. I have shown all possible moves that USOIL can make in the chart. I expect an up move. I'll keep the post updated once it breakouts.
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Breaking now. We'll see if it holds.
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Looks like that trendline is holding. Since it's the end of the year probably the big breaks wont happen. If it breaks the small trendline we will get a short term sell. But the trend is BULLISH.
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