USOIL is in distribution phase by forming Head & shoulders pattern on short term
MACD shows bearish momentum
RSI is in downtrend
It's expected for coming correction to target demand zone at level 19.55
which corresponds to Right shoulder of inverted Head & shoulders pattern on medium term
then it's expected after for strong wave to target supply zone at level 54.00
MACD shows bearish momentum
RSI is in downtrend
It's expected for coming correction to target demand zone at level 19.55
which corresponds to Right shoulder of inverted Head & shoulders pattern on medium term
then it's expected after for strong wave to target supply zone at level 54.00