AhFarouk

USOIL - Weekly Expectations

TVC:USOIL   CFDs on WTI Crude Oil
The prices will make corrections between the $86.xx to 88.xx pricing levels then rebound upwards again in the trend direction of the white channel. The first expected weekly target as Fib extension to be @ $95.xx and the second target @ $100.xx.

The RSI indicators showed that RSI > RSI-EMA10. The prices closed on the weekly overbought zone but will make minor drop down for corrections around the red zone before strong raise during the week days.

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