USOIL - Start of a corrective rally??

9 thg 6, 2024

USOIL looks to have created a short term low just below 7300.
Im now looking at a rally so watching this PB going into Monday for a potential move back up towards 78-80.
Watching for 7400-7480 on Monday to hold for the next move higher.

Enjoy the week. More updates coming.

11 thg 6, 2024

Ghi chú

It didn't quite make the PB I was looking for yesterday and has now rallied up to the 382. Same scenario now, watching for an ABCD PB to get the next move higher into the 80+ area.

12 thg 6, 2024

Ghi chú

The higher this first move goes the deeper the PB and the bigger the next move which could be bullish.. Waiting for a top.

18 thg 6, 2024

Ghi chú

Possible top in place. Now watching for the next move.

23 thg 6, 2024

Ghi chú

After a 900+ point run with minimal retracements we have hit the 61.8% level and started to reverse. We should see more downside this week before rallying again. Watching a PB to short.