USOIL Update

I choose to hold on to my previous interpretation of the count, since the rules were not violated despite very heavy selling last week and the structure looks even more symmtrical now meaning more probable from technical point of view. However, less credible from emotional point as the confidence has been depleted along with cash in bullish positions. Man, I should start using protective stops more often.

Comment:

This is not a trade recommendation. I hold long positions and therefore biased.