USOIL : Daily View. Potential Target $36

23 thg 7, 2016

Crown patterns emerges very evidently. Conventional target $36 which is 0.618 fib retracement.
Any news can give breakout from the pattern and rally towards $54-$55

Be careful

Long term trade
Short Entry Price : 44.30 (Candle Close below)
SL : $ 46.65
TG1 : $43.01
TG2 : $38.85
TG3 : $36.03

Pls refer to all Resistance line (Maroon)

PS. Generally I dont believe in support and resistance theory. Those are heaven for brokers.

Happy Trading

25 thg 7, 2016

Giao dịch đang hoạt động

Short at $43.8
clean breakout ! surviving on R1 43.01

26 thg 7, 2016

Ghi chú

Broke 43.01 Support.
Targeting 41.71

27 thg 7, 2016

Đóng lệnh: đạt mục tiêu

Target 1 reached
We also breached Important level 42.

27 thg 7, 2016

Ghi chú

Taking Partial close. step by step.

27 thg 7, 2016

Đóng lệnh: đạt mục tiêu

We touched 41.74. That is 0.382 Fib.
Now we can see little bounce and consolidation.
though FOMC can change things.

28 thg 7, 2016

Ghi chú

Very close to 41. wooohoo

4 thg 8, 2016

Ghi chú

Breached 40 and made 39.29 Low.
After Data trying for upward correction.
I still have same view. Oil is bearish at least till 36.

8 thg 8, 2016

Ghi chú

Made strong Upmove, Watching Trendline to break.

8 thg 8, 2016

Ghi chú

We have Breakout at 43.30
Possible scenario

12 thg 8, 2016

Ghi chú

Made very Impulsive candle. might test resistance of previous penant 44.5

12 thg 8, 2016

Giao dịch được đóng thủ công

We broke out 44.5 very clear.
we have done the down cycle
first target 46.5 and then towards 51-52 channel top.
All dips are buy for now.
I will end this chart here.
This New bull deserves new chart.
Thanks folks for all likes and support.