We have USOIL rally from the ,
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 .
A healthy corrrection is expected now, but wont
say that USOIL has no chance to hit 62 directly.
Less is more!