0109 USOIL turning down for a correction on NFP Day
Hello traders,
USOIL is on a plan for correction right now. First lets review our outlook of USOIL in this idea.
USOIL did not make a sideways price action but went up straight to the weekly resistance zone. Now should us think about correction or sideways price action for USOIL? Yes.
On this 4H chart, with a later NFP releasing, it is possible for USOIL to make a test once to 84.84 and turn down for a correction. Corrective wave could down to hit FIbo 382-618 zone.
GOOD LUCK ON WAITING FOR MORE SIGNALS. LESS IS MORE!
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