USOIL Weekend Update 📅

The outlook for USOIL remains unchanged. The price seems to have completed waves (i) and (ii) and is ready for powerful wave (iii) down. See the below chart for miniscule waves count

Those who follow me know that I have been bearish since November and while being right about the direction I recycled a lot of charts and counts.

Here the weakest point is wave in green circle in wave 2, dwarfed by and that seem out of proportion. Perhaps this will make me to recycle it again at some stage. For now I choose to keep the bearish stance which now reinforced by expectation of sell off in precious metals

Silver

and gold

הערה:

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Here the weakest point is wave [w] in green circle in wave 2, dwarfed by [x] and [y] that seem out of proportion. Perhaps this will make me to recycle it again at some stage. For now I choose to keep the bearish stance which now reinforced by expectation of sell off in precious metals