USOIL: expecting a retracement? wait for the similarity to work.

USOIL: expecting a retracement? wait for the similarity to work.

Too many people are expecting a retracement for USOIL, but there is a progress and it may not happen at all!

Mature traders should focus on the markets that are clear for them. I'm expecting a retracement as well, but the short trade in USOIL is not the major positions I'm holding.

Plus the US Stock Indexes are all rallyin up, short trade in USOIL is risky. Will only adjust the positions up when the Stock Indexes drop.