This coming week will be the decisive moment for USOIL, whether it continue to go down or time for a rebound. The price is near at least 3 support, first the support area between 44-42.6, second the trend line formed from lowest point this year and third the fibo line 764. There's also a resistance trend line formed from the beginning of the bearish and supposedly the resistance already broke, it become the fourth support.
There's three possible game plan, go long aiming at 46 with SL below the support or go long after it break the resistance at 46 or go short after it break the support listed above.
There's three possible game plan, go long aiming at 46 with SL below the support or go long after it break the resistance at 46 or go short after it break the support listed above.