Technician

Oil: Potential Short Term Directions

FX:USOIL   CFDs on Crude Oil (WTI)
2370 11 61
Outlined on chart my playbook and potential scenarios for oil             in the short term(Few days).


For Daily Updates on Oil:Check out the Oil Forecast
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Technician
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Looks like the Main scenario (blue arrow) is evolving.
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masterahmed Technician
nice chart where do you expect it goes after Friday
?
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Technician masterahmed
I expect more sideways fluctuations below 116.00. Before probably moving lower again.
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masterahmed Technician
116 ?i am talking about crude oil
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Technician masterahmed
Ops sorry. I think we will probably see renewed downside this week.
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masterahmed Technician
me too thanks deer
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Great chart, very clean.
+1 Reply
Good too see this post. Also looking for it to get to 26 area. Lets see! :)
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Hey Technician, I really see oil staying on the low side of $30 level, especially after yesterdays statement of no cut in production from Saudi Arab prince, I believe. MY simple plan is to keep selling the rallies. All the BEST mate :)
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piratachile moneymaking
Agree!!, also I opened long USDCAD
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