USOIL still not looking to want to bridge the gap.
fundamentally not looking that it will be bullish any time soon,
However respecting both my mechanical strategy as well as my technical entry point.
Going long on OIL,
We had a burst to the upside and had a retrace to our entry zone,
We have a huge gap from Sunday open, we are looking for this gap to close, the stop loss is fairly tight for Oil itself.
We are buying off this retracement.
Taking this short from the break of our S&R level.
Had a spike from yesterdays US news spike.
Will decide what to do after we see a reaction at the first support level
Taking this short from this retacement to 0.786 fib, in the golden pocket,
Still a bearish trend, we were taken out previously from news spikes, however we should get a better move from here,