USOIL: 62 is one of the possibility

Traders,

We have USOIL rally from the support zone,
check our last analysis of USOIL.
We are now in the position of a neckline which
is also fibo 1.618-2.0 zone of WAVE1.
Usually price will have a correction movement by
hitting those structure, but this needs to go with
analysis of candlesticks.
A healthy corrrection is expected now, but wont
say that USOIL has no chance to hit 62 directly.


Less is more!