zhipengcfel
Long

Trading opportunity for USOIL next week (2016-07-17)

NYMEX:CL1!   Light Crude Oil Futures
USOIL             has broken out of the bearish trend line . From daily chart it seems that oil             got supported from the channel line and red support line.
Support and resistance levels for usoil (2016-07-09)
From time cycle oil             completed the correction cycle time which is at around July 15th.
Targets for USOIL correction
We can open a small long position with
TP1: 46.9
TP2: 47.9

Good luck for everyone!

Notes: If oil             can break out of the beaish channel, it will confirm more up.
Looks good sir! 47.88 looks like a very strong price, hopefully we'll get a push up through it this week!
+1 Reply
smitheric1970 PRO smitheric1970
Short term bullish oil outlook
+1 Reply
zhipengcfel smitheric1970
Thanks for your sharing! Very nice analysis!
Reply
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