I am going short to 40.42 with a stop at 44.22.

21 0 2
2016Sep19 I am going short to 40.42 with a stop at 44.22.

The price has retraced to the 38.20% fib level.

The distance from the bottom of the current retracement (42.72) to the top of the most recent retracement (46.49) is 3.77. Assuming the distance to the bottom of the next retracement from the top of current retracement (44.12) is also about 3.77 we come up with a target of 40.35.

I am remaining conservative, so I have placed my target at 40.42.

Since oil             is extremely volatile I will be zeroing out my stop once I am ahead by 15 pips,
Comment: Oil appears to be creating a step from the low of 43.22 up to a fib level of 38.20%. I will enter another short trade once the price reaches 43.54.
Comment: Fail. Oil appears to be generating a step on its way down. If it starts to drop I will re-enter another short.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out