USOIL - Possible PA in Development.

IF & only IF the price breaks below daily structural support @ 44.00 level then we can see price back @ 35.XX handle which will make it interesting for the buyers since the Bullish Shark pattern completes at that structural support level drawn from MONTHLY CHART. My expectation is that more than 60%-70% probability that price will break current support. But however the caveat here is that, this beast is more fundamentally driven than technical hence the caution.

=)