USOIL Is Very Bearish! Sell!

11 thg 9, 2023

Take a look at our analysis for USOIL.

Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The price is testing a key resistance 86.80.

Considering the today's price action, probabilities will be high to see a movement to 85.14.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

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