LastBattle
Long

Deeper correction for oil

FX:USOIL   Crude Oil (WTI)
193 12 5
0.764 retrace since the last highs of 69.5. This looks like a pretty good risk reward place to go long until 71.14.

Daily is relatively oversold & unsustainable along with clearer and clearer signs of seller exhaustion.
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Dollar pullback will support this :)
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Im gonna be with you on that one ;)
I see the Dollar Pullback aswell.. Trading counter^^
+1 Reply
LastBattle Fib.The.Gentleman
yep :) I'm already in an hour before the closing on Friday.
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we are actually at the 0.618 Fib Retracement on the Weekly :)
+1 Reply
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Stops hit. Looking for double bottom right now for a re-entry...
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Got back in. :)
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And again im with you buddy
+1 Reply
RobTaylorForex LastBattle
how long do you think before this happens?
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RobTaylorForex LastBattle
ie.. timeline to hit 70ish range again
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LastBattle RobTaylorForex
I am expecting around 8~15 days, otherwise I might consider getting out of the position..
Its currently oversold on hourly to monthly chart.
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RobTaylorForex LastBattle
Options might be a good call on that.
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