TradingView
TahirKhan
May 26, 2016 11:01 AM

OIL.. Approaching channel top once more -  Short

FX:USOIL1W
Crude Oil (WTI)FXCM

Description

⋅


image.prntscr.com/image/655d623c3cbc49a5aff0f451c05ebb0a.png
OIL 8 hr - WE hold the top again we in for a decline once more.. Overall if the fall shapes up - tgts 44 lvl..

Comment

⋅
image.prntscr.com/image/62144d036e0046e7b19c4efbbd64c344.png
image.prntscr.com/image/b7c6f3bc061f4ba592d21dd4b9301de7.png
image.prntscr.com/image/bedb1ba69b4a48f38107d7d806215859.png

OIL 4 hr - From general view to 2 scenario -

Summary - While we can try once more to bounce up for around mid 50.XX and get double tops - As long as we hold the listed resis - we can expect a move towards 48 handle - A clean break & close under shapes up for a 44 USD move..
crudetradingTrend LinesCFD
More