Prices has been hovering below $45 for the past two days without any intention to break above, currently on lower timeframe, prices has some spike up during non US hours. August contract for crude oil has taken into place to replace the july contract.
The coming Wednesday would be crude oil inventory, which would add fuel to the movement of the current WTI. There is still some resistance so long as $45.20 not yet breach, however, once $45.20 has broken with strength, we could possibly be looking at $48.50 for USOIL in the coming days/weeks.
Trade safe.
"The fruits of your success will be in direct ratio to the honesty and sincerity of your own effort in keeping your own records, doing your own thinking, and reaching your own conclusions.”
The coming Wednesday would be crude oil inventory, which would add fuel to the movement of the current WTI. There is still some resistance so long as $45.20 not yet breach, however, once $45.20 has broken with strength, we could possibly be looking at $48.50 for USOIL in the coming days/weeks.
Trade safe.
"The fruits of your success will be in direct ratio to the honesty and sincerity of your own effort in keeping your own records, doing your own thinking, and reaching your own conclusions.”
Trade active:
Prices has dipped after a gentle touch on $45.20 level, and USOIL has retreated with the background news of Libya overstocking and result to a fall to $43 which trigger our entry prior to the actual news of CRUDE OIL INVENTORY tonight . One long position could be trigger at the current price and another above the 45.20 after it has broken with conviction of a long green candle on an H1 timeframe.
Trade safe.
Trade safe.
Trade active:
Usoil has bounced off from the channel bottom to reach the center line as what previous times has done.
Trade closed manually:
Price has reached near the black trend line, all long are exited . Prices in lower time frame has start to turn negative, while daily timeframe has become slight positive, we will wait and see for the current situation.