2609 USOIL down to where for a correction

Updated
Hello traders,

USOIL seems hard to push for a new high before a correction.

Check the weekly outlook, it is going to reach the low of last week.
9.25-9.29 USOIL Weekly Outlook


Breaking through it will make it possible to reach the bottom FIBO ext 1.414-1.618 position where we were expecting with little chance.

GOOD LUCK ON LOOKING FOR ENTRY TO SELL.
LESS IS MORE!
Note
Low of last week become a strong support for usoil.
Usoil did not break through it.
So the lower fibo ext positions are now not considered.
Chart PatternsTrend AnalysisusoilanalysisWave Analysis

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