USOIL SELL SET UP

USOIL is technically on a downtrend. It has been making a series of highs and lows around the intermediate zone . It has created a nice high at 75.000 which I have considered as the second touch of the trend line because it is a psychological level . Let’s patiently wait and see how price reacts on the third touch of the trendline . If it gives a nice price action rejection we can join the sell, for now let’s keep watching.
Key zone to monitor: 74.296