USOIL

Looking for a short play here

Channel still up correction indicate a little move down and evaluate tight SL

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Weekly channel

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Big support trendline black / Ultimate support red line hortizontal

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Trade is little risky , we are on support but i think is gonna go a little more downside thats why this set up is short term play and tight sl

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Update OIL we closed above 30ma ( short term ) still think we need test intermediate and long term ma as you can see target 1 and target 2 for intraday traders i will look for short if it bounces this week

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Monthly Crude

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So we have a td9 candle on monthly , then flip candle not correction , hammer , flip flip and finally stopped.

what could happen here is we will test 68/69 usd area i hope this week and then we will see if it bounces weak or hard ( if not bounces we will look for a major correction on crude

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fractals to make us an idea , this are fractals , the difference here , long plot ma ( 128ma) is above price causing pressure so i bet we will go back to test 68 69 then see if we can bounce and make a long there !

Trade closed: stop reached:

Stop hitted!

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got stoped on my trade because was very tight SL but opened a new position once it fell below 71.88

Trade active

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considering taking some profits here and stoploss in profit set up at 70.88

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out and looking for maybe a long position

Trade closed: target reached

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target hitted my post from 13 october