USOIL has a stong bearish trend last Friday which hit our last STOP LOSS.
Now in the EURO session on Monday, it seems possible to make a retracement on for sellers. It continue to drop in Japan session and down to make a new low at the beginning of EURO SESSION. On 1h CHART, it is possible to reach last high again before making a new high or keep sideways price action.
ABC wave on this chart is the most ideal way for intraday buyers. The target zone up there would be a position for traders to buy again or keep selling .