Traders,
We have USOIL rally from the support zone,
check our last analysis of USOIL.
We are now in the position of a neckline which
is also fibo 1.618-2.0 zone of WAVE1.
Usually price will have a correction movement by
hitting those structure, but this needs to go with
analysis of candlesticks.
A healthy corrrection is expected now, but wont
say that USOIL has no chance to hit 62 directly.
Less is more!
We have USOIL rally from the support zone,
check our last analysis of USOIL.
We are now in the position of a neckline which
is also fibo 1.618-2.0 zone of WAVE1.
Usually price will have a correction movement by
hitting those structure, but this needs to go with
analysis of candlesticks.
A healthy corrrection is expected now, but wont
say that USOIL has no chance to hit 62 directly.
Less is more!
