USOIL : Daily View. Potential Target $36

FX:USOIL   Crude Oil (WTI)
5 months ago
Crown patterns emerges very evidently. Conventional target $36 which is 0.618 fib retracement.
Any news can give breakout from the pattern and rally towards $54-$55

Be careful

Long term trade
Short Entry Price : 44.30 (Candle Close below)
SL : $ 46.65
TG1 : $43.01
TG2 : $38.85
TG3 : $36.03

Pls             refer to all Resistance line (Maroon)

PS. Generally I dont believe in support and resistance theory. Those are heaven for brokers.

Happy Trading
5 months ago
Trade active: Short at $43.8
clean breakout ! surviving on R1 43.01
5 months ago
Comment: Broke 43.01 Support.
Targeting 41.71
5 months ago
Trade closed: target reached: Target 1 reached
We also breached Important level 42.
5 months ago
Comment: Taking Partial close. step by step.
5 months ago
Trade closed: target reached: We touched 41.74. That is 0.382 Fib.
Now we can see little bounce and consolidation.
though FOMC can change things.
5 months ago
Comment: Very close to 41. wooohoo
5 months ago
Comment: Breached 40 and made 39.29 Low.
After Data trying for upward correction.
I still have same view. Oil is bearish at least till 36.
5 months ago
Comment: Made strong Upmove, Watching Trendline to break.
5 months ago
Comment: We have Breakout at 43.30
Possible scenario
5 months ago
Comment: Made very Impulsive candle. might test resistance of previous penant 44.5
5 months ago
Trade closed manually: We broke out 44.5 very clear.
we have done the down cycle
first target 46.5 and then towards 51-52 channel top.
All dips are buy for now.
I will end this chart here.
This New bull deserves new chart.
Thanks folks for all likes and support.
5 months ago
I think that we can go short if we dont break 44.50 im right?? ... i was also looking for more charts about it; and some of them are very similar as my view bro ..
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