USOIL is expected to hit 60 plus later. But before that, as the chart shows, Fibo 2.0 of the light blue wave is now pulling price down a little be. As long as the trend line is still valid, 60plus is following up. 60.48 also is FIBO 2.0 of the purple wave where price will be pulled down again. Its a high possibility that price is going to have a deeper correction at 60.48, becoz that is also the end of the five-wave trend.
Less is more!
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we have tp1 hit by entering a long trade at 57.5, making 130 pips.