faylee
Long

OIL retrace in "D" leg, long term in bullish channel

NYMEX:CL1!   Light Crude Oil Futures
2521 40 83
Short term plan: Sell at 47.9-48.1
Long term plan: Buy at 45-45.1
Trade active: My short term long position was closed as soon as the target approached
Then i shorted at 48.2 in accord with my plan.
Comment: I've moved SL to 48.2, just covered my cost
Comment:
snapshot
Comment: I have pocketed some profit at 46.5, as i'm concerning about the MACD div.
Today's close is critical for us to issue further trade plan.
Comment: I've cleared out the short positions. It's broken out $47.25 now.
oil is forming a descending wedge on a 4 hr chart and ready to break it to the downside towards 43 dollar which will overlap wave a meaning we are in a monthly down trend oil is heading to 10$ a barrel
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hey there, hi there, ho there. i need help. i can't find the usoil chart :( what should i type in the search bar to start analyzing?
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faylee MeshalAlnashri
hey, try the code "CL1!"
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thank you fay! well, I better get to it then. bye.
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hey fay what are your thoughts about this scenario, i'm learning still.
incomplete head and shoulders spotted!
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i think if channel is broken we might be in the third wave of an impulse wave. if not we're in correction.
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does this mean long from here?
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faylee AYosof
no.,i'll wait for today's closing
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AYosof faylee
Hi Faylee, you were waiting for todays closing what do you conclude long or short and entry points and targets?
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I see this on Oil
USOIL NEXT MOVE
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