PooyaSalehipour
Long

Oil will moving up to 50 and then back to 26

NYMEX:CL1!   Light Crude Oil Futures
1452 18 28
Dear Friend's.

When we move to 50 we touch trend line from 107 that i draw on the chart then we back and create a head and shoulders , if we complete the h&s we move down around -12$ from $38 and the final target for oil             is $26 on November.


Kind Regards,
Pooya Salehipour

Comment: http://www.cnbc.com/2016/01/16/iran-frees-4-captives-ahead-of-expected-lifting-of-sanctions.html

i think oil drop to 26 soon.
I agree nice analis
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Thank you
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you could be right on this
CL1!, drop to channel bottom?


or price breaks that downtrend line retest and shoot up
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it doesn't mean we can not see 26. we have high support on 26 and and may pullback on the price. but i don't deny your analysis. i tell everywhere i am not analysis of market. i just forward my idea.
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jangseohee PooyaSalehipour
alright
+1 Reply
thanks for your comment.
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vietcong jangseohee
snapshot


If you try the same on UKOIL, we will end up below Zero :) but this channel on UKOIL is bullish
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this is exactly what i think, but your chart loks amazingly simple!
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PooyaSalehipour schmonbetong
Thank you for taking your time. I like to see any ideas. I know this is uncomplete chart.
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Interesting Pooya, I like your work. My only concern is crude prices rising into the potential interest rate hikes. I was expecting more of a dip now down to at least 40, followed by extremely mediocre or no rate hike and then for the scenario you show to take place. Unless.... oil prices continue to be inflated to help allow for the feds to make the rate hike decision. Thanks again, good work.
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PooyaSalehipour smitheric1970
your beautiful message is my pleasure.
i am living in Iran and domestic policy issues large supply of crude oil to Iran after nuclear deal proven. The completion date is exactly where the right shoulder and then a competition between countries in the Persian Gulf will happen and it confirms the downward trend under $30.
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smitheric1970 PRO PooyaSalehipour
That is good informations, thank you!
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PooyaSalehipour smitheric1970
You are almost welcome.
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smitheric1970 PRO smitheric1970
How interesting that we have an interest rate hike decision and the Iran nuclear deal decision both occurring on September 17. Short term, do you still believe that prices will retrace to 49.5 prior to the 17th?
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PooyaSalehipour smitheric1970
I can link you on a website that show you how nuc deal make a swing on oil price. http://mobile.reuters.com/article/idUSKCN0PO01N20150714 also please chek http://www.presstv.ir for following the world, economy and... Its hard to explain in a comment.
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smitheric1970 PRO PooyaSalehipour
Perfect, thank you!
+1 Reply
ARE YOU TRYING TO BE FUNNY
+1 Reply
Im trying to be myself not funny. And i let you to be yourself not anymore. ;_)
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