USOIL Long term objective reached @ 62.50
My previous analysis on 3/1/18 was ''Breakout from 10/17 has developed nicely but reaction is expected at my long term objective @ 62.50 (05/15 high) where profit taking is expected''. Price spike earlier today to 62.52 and retraced sharply. From here I expect deeper correction to possibly 59.00 or lower where I expect buying interest to reappear.
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