0609 USOIL looking up with ABC wave move

Hello traders,

USOIL made a rally up on Tuesday with news from that Saudi Arabia and its "ally" Russia may continue to cut crude oil production.

So, the correction did not happen.
Now to follow the Wkly trend on this 4H char, it is possible for USOIL to make back test of support zone to before starting a new BC wave up.

Check the SUPPORT ZONE for entry signal and long USOIL up to weekly fibo zone.

GOOD LUCK ON THIS PLAN.
LESS IS MORE!

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Now usoil ON 4h chart is running on a opposite direction of daily chart.

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Still no good signal to buy yet.