USOIL Will Go Higher! Buy!
WTI Oil Future FX:USOIL
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 75.864.
Considering the today's price action, probabilities will be high to see a movement to 83.990.
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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