The USOIL price has made a long term decline under the resistance red lines. This resistance line is under the KUMO, which means that the USOIL is in long term. The weekly diagram shows and the monthly marginally too. Monthly diagram is likely to follow an asceding triangle movement.
is weakening its force and rise from oversold levels. As you can see in diagram in last 4hours on Friday the price react from a like a (?) pattern.
We have no special pattern. The price is under the KUMO, the Kijun Sen (blue line) and Tenkan Sen (green line) too. The last week decline stopped twice on $103.78.
There is no special pattern. The fib from $106.77 to $105.57 shows a 2.618 level at $103.64. It seems like a this 2.618 of fibonacci projections.
So I think that if the 2.618 of fib is a and the price has made a , then it looking forward the Tenkan Sen (1st) and the @Kijun Sen (1.618 of fib) - yellow circle. Stop loss under 103.50.