Short

USO topping?

Updated

If making A-B-C, Oil may have topped or topping very soon. Then the target is eventually making a new low with crude possibly going down to 25 area.
If making the larger degree iii, blue box area makes sense. Then the target area will be as marked.

Personally, I am leaning toward blue box area. Either way, I am beginning to short the energy complex this coming week.

Note

CRUDE OIL weekly chart
schrts.co/pseP7c

Note

Getting close to the next support low 67 area

Note

some pull back up is due

Trade closed manually

I am going long here for some pull back.
got to go build a front deck - it will take a while so I am closing the update

Successful_Inv_Strategies

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