USOIL : Daily View. Potential Target $36

23 lip 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 lip 2016

Zlecenie aktywne

Short at $43.8
clean breakout ! surviving on R1 43.01

26 lip 2016

Uwaga

Broke 43.01 Support.
Targeting 41.71

27 lip 2016

Transakcja zamknięta: osiągnięto wyznaczony cel

Target 1 reached
We also breached Important level 42.

27 lip 2016

Uwaga

Taking Partial close. step by step.

27 lip 2016

Transakcja zamknięta: osiągnięto wyznaczony cel

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

28 lip 2016

Uwaga

Very close to 41. wooohoo

4 sie 2016

Uwaga

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 sie 2016

Uwaga

Made strong Upmove, Watching Trendline to break.

8 sie 2016

Uwaga

We have Breakout at 43.30
Possible scenario

12 sie 2016

Uwaga

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

12 sie 2016

Zlecenie zamknięto ręcznie

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.