USOIL might not drop anymore from now.
Its a technical retracement without consideration of the foundamental.
On weekly chart, it could run to the red resistance zone first before making a new impulse leg drow to test 35 or lower low. That is another support level on monthly chart and could be the end of the AB=CD pattern.
Good luck on trading OIL.
LESS IS MORE!
Its a technical retracement without consideration of the foundamental.
On weekly chart, it could run to the red resistance zone first before making a new impulse leg drow to test 35 or lower low. That is another support level on monthly chart and could be the end of the AB=CD pattern.
Good luck on trading OIL.
LESS IS MORE!
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