USOIL - in the verge of a new downtrend
USOIL is tracing the final stages of primary wave 4 up. Wave 4 already retraced 0.618 fibonacci relation from wave 3. A move below 34.55 would confirm the downtrend. If price crosses up 42.40, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET TUPDATES.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.