SimonBrisebois
Long

USOIL Trade setup

FX:USOIL   Crude Oil (WTI)
Crude oil             broke the main bearish trendline. Price is at a level of resistance. I expect price to come down to test the trendline again. I'll be looking for long positions on oil             at the retest of one of the trendlines on the chart.

*Don't trade the news or the fundamental biases you have, trade what the market wants.
kw1846
3 months ago
Looks like you didn't count highs/lows into your trend line, so it was broken already easily. The real breaking point should be around 45.9, and the market is still testing on it...
+1 Reply
SimonBrisebois PRO kw1846
3 months ago
Thanks for your comment, I'll look at it. You can look at my past oil analysis, I'm pretty accurate and I'm confident in my analysis.
Reply
kw1846 SimonBrisebois
3 months ago
You are welcome. Also I didn't mean your analysis was incorrect... But for myself, at least I will wait for the broken of 46.38, the target of the rising flag completed, to enter a long. Right now it is just too risky, especially before the API and EIA reports...
+1 Reply
SimonBrisebois PRO kw1846
3 months ago
Very true
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out