JamesJongHanPark
Long

Crude price target for next week.

FX:USOIL   Crude Oil (WTI)
508 0 18
For longs, sell at blue region.
For shorts, patience than excitement at bear traps. Likely better entry at blue regions.

Should price close above blue region by EOD             8.22nd, we will retest 51.50.
Should price reject harshly, expect to retest 40.

My ultimate 'hopeful' target is oversold to 37-38.

Check out 1WK chart. It suggests another leg up.
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