USOIL Support Near Weekly Trend line

US OIL Weekly Chart :

USOIL WEEKLY CHART
USOIL WEEKLY CHART

US Oil near weekly trendline support as we can see on weekly chart .Weekly candle forms Doji which suggesting neither bulls or bear won, but fast fall was stop & we may see a reversal.

Let's see details on a lower time frame.

USOIL 4H Chart :


USOIL 4H Chart
USOIL 4H Chart 


On 4H Chart support is held @ 49.20
Resistance is held @ 53.24/54.12

Bulls will get active above 52 for the Target of 54.00
Bears will get active below 49 for the Target of 42.00

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