USOil Analysis USOil crosses under a supportive trend line on | A1 Trading Setups w/ Nick & Frank

USOil Analysis
USOil crosses under a supportive trend line on the 1D timeframe. Higher interest rates could be affecting the demand for oil as consumers are continuing to overpay at the pump. If price moves lower, we could see a possible move lower to the 95.70s with support from the 200 DMA right below that. Rumors of China and India buying oil might work in favor of the supply problem which has been driving prices upward