USOIL: Good to go long?

Hello Guys, If you take a look at the USOIL you will see a nice channel is under formation! and we likely to have a move up! If price break the bottom trendline then we we'll wait until we get clear picture. we likely to see some further fall before it gets some solid support.

Have a good day!
GoodLuck!

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After a nice move towards up! Currently resisting at $51 area.

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Hit the 1st target. Now..