OsamaAbouzeid
Long

USOIL _ Potential Rally !

FX:USOIL   Crude Oil (WTI)
Potential rally at this zone due to :-

1- 0.382 Fibs retracement for _BA leg
2- 0.618 Fibs retracement for _CA,DA legs
3- valid structure level.
4-valid channel pattern
5- RSI oversold
Comment: First target reached at 32.65
Comment: Second target reached at 33.70
Comment: expecting to reach the $ 38 per barrel (third target ) which will be at previous structure level
snapshot
Comment: $ 38.00 per barrel reached !
Comment: Final target at $44.00
snapshot
http://www.bloomberg.com/news/articles/2016-03-06/iranian-oil-lands-in-europe-for-first-time-since-sanctions-ended
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OsamaAbouzeid LaiptaiCervinskas
Thank you fro sharing !
Reply
USOIL is going to test previous resistance

we are on the same page.
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Just be carefull with the 1hr rsi, it can fool us, and changing very easily. Besides this, i agree with you.
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