USOIL is at the vpoc of 2017 around 49.3. pretty important level to watch out for. can be a low risk swing bounce idea.. break of this can alternatively target the VAL of 2017 at 46.5 zones.
Comment:
we did have a bounce but the bounce fizzled out exactly at 49.3, that should now hold as a resistance and we are headed for the VAL...
Trade closed: target reached:
Wow.. 2017 vpoc to VAL in a single day.. that was quite a move in the late hours. now 43.8-42.5 are the major support zones to stalk for a swing pullback .. more about that later