USOIL, elliot waves, target 100. 5900% potential profit.
The formation of elliot waves will depend on today's news and OPAC decision about oil production cuts. Personally I think that the production will be further slowed and oil price will rise to 100 lvl. Be careful at 61.8 fibonacii lvls as we might see pullback there.
Comment:
crude oil inventories were smaller than expected it means oil prices should go up, the most important day will be friday as OPEC meeting will occur. Any price movement down now should be treated as healthy correction.
Comment:
as expected,
Comment:
Trump is very simple minded, so by today's Tweet he wanted to say this:
Hi guys, I understand that the oil prices are going up, because you know about my disagreement with Iran's nuclear deal, and If I will go out from the deal, the oil prices will go even higher, and it's not good for economy, my decision can't be manipulated like that, it's not acceptable.
We learned from history that anyway he will do what he wants, He will close the deal, and the oil prices will skyrocket because the most important for him is his EGO.
Hi guys, I understand that the oil prices are going up, because you know about my disagreement with Iran's nuclear deal, and If I will go out from the deal, the oil prices will go even higher, and it's not good for economy, my decision can't be manipulated like that, it's not acceptable.
We learned from history that anyway he will do what he wants, He will close the deal, and the oil prices will skyrocket because the most important for him is his EGO.
Comment:
oilprice.com/Energy/...ill-Head-Higher.html , now the Iran's deal on friday will be the most important news.
Comment:
11-12 May very important week, Iran's deal can make this idea come true.
Comment:
Iran's deal finished. totally forgot to update, already in huge profit, can't wait until 100 :)
Comment:
almost forgot about this idea, we are closing 74, should get a little breath now, next stop 83...