Will USOIL get support from this trend line?

The jury remains out. Here's a better look at the trend over the last two years:

If this trend line does not hold support, USOIL may fall off a cliff searching for a bottom this week.

Commento:

We have reached the moment of truth - here's the 15 min. chart current

Commento:

Pushed back above 59.00 - let's see how it does before market opens

Commento:

. . . . ugh