USOIL SHORT TRADE SETUP

<p>Technical Analysis- The 4 hour is down against 1/08/2020 peak (63.87). 1 hour is turning down. However, while near-term dips remain above 6.59 low expect&nbsp;&nbsp;OIL&nbsp;to extend higher to correct the cycle from 1/08/2020 peak in 3, 7 or 11 swings before downside resume. We prefer selling the bounces in 3, 7 or 11 swings at the extreme areas.&nbsp;</p>
<p>Sell&nbsp;&nbsp;USOIL&nbsp;</p>
<p>@26.10-40&nbsp;</p>
<p>TP: 25.00&nbsp;</p>
<p>Tp2: 23.00&nbsp;</p>