USOIL...SHORT @ 48.30 TP 46.60.....

Even us die hard bulls were questioning the validity of this elliotwave 5 wave sequence earlier in the week which gives USoil a potential butterfly pattern to 59 dollars , but now it has shown its true colours.

I will be looking at 48.30 as its key resistance for a short...and a potential retest of the 46.60 support....before it takes off again...