This a new week outlook for usoil. First let review last week outlook.
USOIL did not make a lower support than FIBO 382 but keep rising up all week to 86. The resistance zone now has become a support zone which could be a position for support or fake breakout.
So, for the simplest plan is that price retest the support and make a new high up to fibo 1.27-1.414. The second plan is USOIL turn down for a fake breakout, making a long shadow candlestick to position 2 and rising up again with Z pattern and make up to FIBO 1.27-1.414 or higher position.
See, all plans for this week are looking for position to buy not sell. Would you agree?
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