USOIL may continue downward trend based on following bearish indications on 4H candles
1. Making new Lower Lows
2. Downward trend-line still valid
3. Reversal from horizontal resistance
at 116 & FR 0.236
Plan A
Sell at 97
SL 104 (when it breaks trend-line)
TP1 89
TP2 82
Plan B
Sell at 88 (below next support level)
SL 97 (FR level 0.618)
TP1 82 (FR level 0.786)
TP2 65 (Support level)
1. Making new Lower Lows
2. Downward trend-line still valid
3. Reversal from horizontal resistance
at 116 & FR 0.236
Plan A
Sell at 97
SL 104 (when it breaks trend-line)
TP1 89
TP2 82
Plan B
Sell at 88 (below next support level)
SL 97 (FR level 0.618)
TP1 82 (FR level 0.786)
TP2 65 (Support level)