QGuo-Shane

Oil - next strategy for next step.

Short
FX:USOIL   CFDs on Crude Oil (WTI)
Please see right highlight drawing.
Scenario 1- building a top high (3 tops etc.) between 31.30 and 34.50 for falling down very deeply to 21. 40 .
Scenario 2 - keep in range between 31.30 and 34.50 for almost 1 weeks, then go up to 40 .60 level.
Scenario 3 - just move into this wide range for at least 6 month.

we would need to see, but i am expecting if oil goes higher it must have a correction for a least a week to turn bearish in h1-h4 chart