clament28
Long

OIL USOIL Trading Idea for IW21 (22/05/2017)

TVC:USOIL   WTI Crude Oil
OIL             is approaching deciding point soon at around $51.60 Resistance area .

I am bias toward Long at this.

Watch for this Wednesday Crude OIL             Inventories Data.

If it break OIL             shall heads towards $55 else it will retrace back to below $50
** Breakout skillz can be used here.

Trade Safe :)

Trade active: OIL entered to resistance area $51.60

Breakout or Falls

Tonight crude oil inventory and Thurs OPEC Meetings will decide direction
Comment: So OIL didnt break out :)

Resistance hit, now retrace back to $48 level

Due to disappointment in OPEC's production policy :D
Trade closed: target reached: Support at $48 level
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