JamesZhang
Long

USOIL is going to test previous resistance

FX:USOIL   Crude Oil (WTI)
209 2 3
11 months ago
Like I drew on the chart, the USOIL             is likely to test the previous resistance since it has maintained the support of 100&200 days' MAL and up-trend line so far.

To be continued.
11 months ago
Comment: I opened my long order yesterday at 31.2, and now the price is testing the first resistance of Fibo extension of 150%.
11 months ago
Comment: Not bad. It just broke the first resistance.
11 months ago
Comment: Target completed.
11 months ago
Trade closed: target reached: Although target reached, and the oder was closed, I recommend that open long order when it pull back to 32.25 which is Fibo extension of 150% and previous support, looking forward to above 35.
tbuckle PRO
11 months ago
Where do you believe solid support is before it goes to 35?
Reply
JamesZhang tbuckle
10 months ago
Hi, tbuckle, as far as I am concerned, the first support will be the coming one of 32.25, and the second support will be the 200day's MA as well as the previous down-trend dotted line. The strong support will be 30.00, which is Fibo extension of 161.8 and a important psychological support.
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