USOIL Update 🛎️

If I were following oil only I would have been short by now and counting 3rd wave down. Gasoil makes me suspect that another strong bounce is due despite all the news. I simplified the USOIL count. The outlook for wave (c) is very speculative as I can only suspect it at this point. There are no obvious signs of the expected move. And the news are very bearish uncluding latest API Oil Stock Change +1.155M actual vs. +0.555M expected. Tradingwise it is good to remain short through all bounces and rollover.