Fibonacci Short In USOIL

For now, let’s check out a key level for USOIL:

Daily 62% Fibonacci Retracement, $115.74

This isn’t a bad area for a short-term sell. Here it is:

1) A sell order from $115.69
2) Initial stop loss at $116.09
3) Profit Target at 40 pips on a 1:1 risk vs reward