Chirurgo
Long

Oil for the week

FX:USOIL   Crude Oil (WTI)
117 1 3
As announced this week was as I call it a week flat / bearish , but I was convinced that for the second part of the week there would be a reaction, which occurred only in part.
The previous Friday bodes well for the future in the short because we went from very short downtrend channel that had been created, although it would have been more propitious a close above 44.80.
In the last two days trying to re-start it was canceled last resistance of the Fibonacci fan which is located in the area 45.00 / 45.40, to feel a little more relaxed you should be able to break with the decision that resistance.
My view remains positive for the short and medium term
Target weekly upward 45.40, 46.00, 46.70, 48.00
Support areas 44.00, 43.50, 42.60, 41.71
Attention to the rupture of 41.00 area, if it were to happen it would exit the bullish gully of short / medium term.
I want to add that for over month now support target dollars for June 50/55, I reached that target but I expect a thud until around $ 35 at least.
Gain a good all
cigno.nero
7 months ago
Hi guy! Good Job:-))
Reply
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