USOIL: WAITING FOR RETEST

USOIL shown a very strong bearish movement after Saudi Arabia hinted to increase supply. I think another members of OPEC would also increasing the production of oil because they need money. If this opinion really happen, we will see USOIL drop to 52.00 in the long term. We waiting the price to climb more higher so we can sell it, around 56.xx.

Sell opportunity : 56.50
Target : 52.00