Crude - 2 hr - play for a bounce here

Long

CFDs on WTI Crude Oil (TVC:USOIL)

Updated

TVC:USOIL CFDs on WTI Crude Oil

Technical Indicators Trend Analysis

indicator trendanalysis

USOIL is at some major trendline and indicator based support zone. Worth looking for longs here around 85.4
SL 84.2

Trade closed: stop reached:

Stop was hit the very next day and then we had the manic rally on Poland missile new. Back to weakness, Look for long entry around 81.5-82 again

Comment:

Trendlines drawn here are broken by the way

Comment:

USOIL reached 82 (almost). Taking some longs here. SL 81

Comment:

Key resistance now 82.3-82.5 for short term. Will exit by EOD

Comment:

Last comment on 17th. Resistance at 82.3-82.5. Crude halted right there and resumed downtrend. Got the move totally wrong but stepped aside at the right time.
SL is imp.

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