9.04-9.08 USOIL Weekly Outlook

4 בספט׳ 2023

Hello traders,

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?

GOOD LUCK!!!
LESS IS MORE!