And I am waiting for a good short around 47-49 area, depending on the 4H chart if it goes there.
A detailed update on USOIL is posted earlier today showing the key levels and the expected short/long levels on the 1H chart.
A million dollar hint on the USOIL, it mostly move in THREEs.
-falling from @51's means most likely will stop @42's which are three threes
-then long from @42's to @45's, and the price stopped.
-if the long target is @47's means expect pullback to @44's to add longs
-extenden long target to @49's means add longs on the @46's retest. also means that the longterm short target will be @40's and extreemly to @37's (@37's is way too far)
-expecting the long term short to @38's means the price should only go to the @47's level, then makes its three threes down to @38's
and so on