USOIL and XLE - some ideas on the Short and Long term
Updated
All in the video, one more down for USOIL looks correct and then a rally up to test 18ma on week/monthly charts. Long term is fuzzy, but 70 is a level bulls want to hold for sure into next year. Good luck!
Note
looks like a sell has started. Note
XLE approaching the neckline and the daily BB, should find support but if not, the neckline will become resistance Note
Oil is close to 72 support, time to be cautiousNote
I believe one more low on oil and then rally up Note
target area reached on oil, could go lower, but I'm not pressing it. Note
OIl looks finished, steep bull divergence on 2 hr chart. Note
OIL, bounce from support level - possible Cup and handle formation targeting 80 level Note
nope, at least one more down, probably under 70. xle target of 82 still valid Note
weekly 18ma reached on XLE, out of shorts - we'll see how it goes next week 
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