Anees

USOIL turning points

FX:USOIL   Crude Oil (WTI)
76 0 2
a month ago
USOIL             have started a free fall, buying levels are on the chart, for me no buy above 40, as extreme downside this chart can go to 34 or 29 later
And I am waiting for a good short around 47-49 area, depending on the 4H chart if it goes there.
20 days ago
Comment: A very small long pending order @42.90 with SL @42.10 hunting the pull back to @47-49 where the larger shorts are waiting.
18 days ago
Trade active: The long pending order opened @42.90 and the well calculated SL@42.10 was not hit (10% luck as it was falling from @51.85 and just stopped @42.19)

A detailed update on USOIL is posted earlier today showing the key levels and the expected short/long levels on the 1H chart.

P.S.
A million dollar hint on the USOIL, it mostly move in THREEs.
Which means:
-falling from @51's means most likely will stop @42's which are three threes
-then long from @42's to @45's, and the price stopped.
-if the long target is @47's means expect pullback to @44's to add longs
-extenden long target to @49's means add longs on the @46's retest. also means that the longterm short target will be @40's and extreemly to @37's (@37's is way too far)
-expecting the long term short to @38's means the price should only go to the @47's level, then makes its three threes down to @38's

and so on

Good luck

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