10.16-10.20 USOIL weekly outlook

Hello traders,

I have all my targets hit last week. Please go back to check these ideas.

What is happening in the Middle East has very huge influence on OIL.
What is going to happen in the next few weeks will also influence the trend and the strength of trend on OIL.

On this weekly chart, I would say it is very possible for USOIL to make a new leg up to very high position, like position 5 which is FIBO 2.27 of wave 1.
With all support on EMAS and Israeli-Palestinian conflict, usoil would make a new recent high very easily.

Please check on every session for your entry position to long this week.
GOOD LUCK!!!
LESS IS MORE!