USOIL: Weekly technical analysis UPDATE

After our successful short trade on the 17 Oct (clearing +5.5% unlevered), we have identified a critical area of support which we anticipate a bullish reversal leg from.

- 66.75 support zone
- June 2017 bullish trend line support
- 64 - 66 zone has been a critical reversal area over the past 4 months on both sides