AB 1.618 Extension and AB=CD
Strong left structure
Observe the bullish price action when it retrace 42.48.
There is chance to LONG USOIL at this support level.
Stop loss is below 40.90, maybe 40.70.
Target point is 51.00
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You can also SHORT USOIL with light position at 46.18 since it is the 1.27 Extension of AB
STOP LOSS is 46.9
Target Point is 42.48