USOIL: potential targets.

FX:USOIL   CFDs on Crude Oil (WTI)
588 7 12
If you look at my previous posts on oil             you will see although I exited early (the chicken effect I guess) the initial target was eventually hit. I would not be surprised to see a 50% correction (to around 39) or even a 70.7 % correction back to the long term down trend line which is now broken (around 33-34). I still favor that after this correction we may well have a good sized rally to new near term highs. Take care. Have a great week.
I like your description "chicken effect". We all have it but many do not have the courage to admit it.
Thanks. There is a certain irony in what you are saying. It does take courage sometimes to admit you were a "chicken". Take care.
saif12 goodguy
For you, I meant the admiration side of it, even I know it has another irony face for many.
I took it in a positive sence. Best to you
goodguy jangseohee
Thanks Jang. Great charts. Make a million this week
jangseohee goodguy
not a million but couple of thousands ^_^
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