OILS - Weekly ChartAnyone that is interested.
On the weekly timeframe, OILS has entereda Supply Block $0.165 - $0.21.
It's bullish to see the the price breakthrough the Red Cloud which flilpped red March 2020.
Cloud is now bullish since Feb 4, 2024. Price can always come down to retest and remain bullish.
The next major supply area is $0.295 - $0.34
Could see a short-term correction as RSI is getting overbought and Oscillator is showing overbought also.
Remember, this is only Weekly Timeframe which is the higher timeframe. Lowertime frame has too much noise.