MoneyFlowTrader

oil oversold on daily

Long
MoneyFlowTrader Updated   
TVC:USOIL   CFDs on WTI Crude Oil
seeing bullish ihs by stochastics and share price, initial target of $46.78 hit
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not sure if we get the dip to the .618, which why I long the 46.78 dip, not worried about the "care bears" i'm buying the dips from here
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starting to see this everywhere
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will monitor for continuation
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needs to regain these supply zones, fearful when others are greedy
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needs to clear $47.31 to get to $47.75, from there a potential handle could form. with $48 being key resistances
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we go higher imho
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parallel lines too much congestion
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waiting for the 18 cross to spike oil over supply zone
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1hr boom, key moving avg crossing into supply zone nice profits
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price action touching the 3rd supply zone
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imho this is a handle breakout on the 4hr
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Daily handle breakout looming potentially, profits booked, may save 25% for a possible run to $55.00
Trade closed: target reached:
profits booked, may save 25% for a possible run to $55.00
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going take my last 1/4 position and close out on this cross

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