Hello traders,
USOIL is not a easy one to trade this week.
But it is showing sort of sign of ending correction soon.
This correction could be a double test of the support and rise up to breakout to test fibo 1.27, 86.30later.
Or it is possible to make a double top on 4h chart to make a deeper correction down to next support level before rising up again.
That is why green and yellow arrows on this chart.
I would suggest you take a check again during NY session to decide which way most traders will push.
GOOD LUCK !!!
LESS IS MORE!
USOIL is not a easy one to trade this week.
But it is showing sort of sign of ending correction soon.
This correction could be a double test of the support and rise up to breakout to test fibo 1.27, 86.30later.
Or it is possible to make a double top on 4h chart to make a deeper correction down to next support level before rising up again.
That is why green and yellow arrows on this chart.
I would suggest you take a check again during NY session to decide which way most traders will push.
GOOD LUCK !!!
LESS IS MORE!
