USOIL: Remaining Stubborn within the Range
USOIL has managed to stay slightly above the PCZ of a Bearish Butterfly as well as to not break down any trendlines and avoid the bottom of the Range; However, Despite how strong it may look it still has dailed to break structure and it has been showing lots of Bearish Divergence. So long as the range holds i suspect that we will trade back below the 1.618 and eventually go for the Bearish Break Down Targets that could lead to a Bearish 5-0 to take us down to Atleast $56.27.
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