Technical Analysis Post

USOIL Rev Retracement 16.10.2023

| 16 October, 2023 at 12:46 GMT

USOIL Rev Retracement 16.10.2023 by BDSwiss_Academy on TradingView.com

Crude’s volatility levels are high. It reversed recently to the upside and continues breaking important resistance levels on its way up.

Since the recent rapid movement to the upside seems to have halted, it is quite probable that a retracement will follow as per the arrow on the chart and Fibo tool.