ClearValue Team Insights
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USOIL Selloff Above the Light Blue Channel
There was an attempted bullish breakout above the light blue channel, but this breakout failed and reentered the channel. The price is now approaching the lows of the channel near support around $76-77. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreUSO Approaching Resistance
$USO has rallied over the past few weeks, but has run into resistance at $83.19. I also have a higher resistance level at $92.53 if USO continues its bullish momentum into resistance. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSLV Key Price Levels to Monitor
$SLV formed a bullish breakout above the white resistance line. SLV rallied to $27.32 before a selloff. I think SLV could rebound and continue trending up. $27.32 will be another resistance target to monitor before SLV can reach $33.78 and $46.95 price levels. ChartChamp socials: https://linktr.ee/realchartchamp
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