USOIL and XLE - some ideas on the Short and Long term
All in the video, one more down for USOIL looks correct and then a rally up to test 18ma on week/monthly charts. Long term is fuzzy, but 70 is a level bulls want to hold for sure into next year. Good luck!
Komentarz:
looks like a sell has started.
Komentarz:
XLE approaching the neckline and the daily BB, should find support but if not, the neckline will become resistance
Komentarz:
Oil is close to 72 support, time to be cautious
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I believe one more low on oil and then rally up
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target area reached on oil, could go lower, but I'm not pressing it.
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OIl looks finished, steep bull divergence on 2 hr chart.
Komentarz:
OIL, bounce from support level - possible Cup and handle formation targeting 80 level
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nope, at least one more down, probably under 70. xle target of 82 still valid
Komentarz:
weekly 18ma reached on XLE, out of shorts - we'll see how it goes next week
