Monthly Fibonacci Sell In Play For USOIL

Significant moves in USOIL (+4.04%) and NATGAS (+1.27%) have headlined the Monday session. For USOIL, we have a key long-term level in play:

Resistance: 38% Monthly Retracement, $103.84

Here's the trade:

1) Sell $103.79
2) Initial Stop loss at $104.26
3) Profit Target at $103.32, 1:1 risk vs reward ratio