USOIL - Getting Slippery 💧

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

on MONTHLY: Left Chart
USOIL is sitting around a strong support zone 70.0 - 75.0 , so we will be looking for buy setups on lower timeframes.

🏹on H1: Right Chart
For the bulls to take over, we need a break above the previous major high in gray.

Meanwhile, until the buy is activated, USOIL can still trade lower inside the monthly resistance zone till around the 70.0 where we will be looking for new buy setups.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich