For we need to pay attention to the resistance at 42.58 and 43.24. If they are broken, it will go up to 44.5 which is a very important on weekly chart.
.png' width='800' alt='Support and resistance levels for usoil (2016-07-31)'>
As for trading suggestions I still hold positions from last Thursday with SL moved to 40.9. I will hold the long as long as the holds.
Good luck for everyone!