MaryJane
Long

Technical Overview after the nice H&S-BO!

NYMEX:CL1!   Light Crude Oil Futures
684 8 29
Yesterday was a nice bullish day. Now it`s time to breathe a bit slower :-9
The oil             Chart is turning more and more green....the present shortterm uptrend is dominant and nice to watch the forming of the 1-2-3`s .
Here i just illustrate a technical overview with allfor me important levels to watch.

Feel free to comment my view!

Former view:
Textbook Inverse H&S

Comment: reached important action point!
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Comment: if we can`t recapture the niveau above 46.5 the support turns into a heavy resistance
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Comment: ok, the trendbrake and break of the last "3?" was THE Signal to short... the Chart is turning more and more red.... but watch the rsi - he is very oversold! everytime a countermove could be initiated
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Comment: And here is the from the rsi early signed countermove...former downtrend in combo with the shortterm uptrend have been a loadable supportzone!
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Comment: technical overview
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Comment: we dipped to the 38,2 watch 46,5!
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Hey Mary. Great work. What's the target if it breaks the crucial resistance at 46.5 ?
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hi and thx. at the upside?
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kartikey MaryJane
Yes. Do we go to the previous high of 47.75 ?
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i think that would be konsequent! 47.75 / 48.5 would be the next tps
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Thank you for your sharing Mary! The speculation sentiments are turning now, be careful.
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Bull flag if we break up
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MaryJane PRO ricardo.lavadinho
yes, classical flag!
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anything about usoil
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