Who said Oil moves are unpredictable? Long

Crude Oil (WTI)FXCM

Description

⋅ Mar 5, 2016 11:51 AM

USOIL enters the final stage of it´s insane rally since mid FEb 2016. Our target to finish the pattern is 38.10 figures.

Expect this to be achieved on 7th - 8th of March but, as always, we have to pay attention to how the quote develops.

Entry points SL and TP to be published in the Comments

Trade safe!

Trade active

⋅ Mar 6, 2016 11:26 PM

Buy order activated at 36.30. SL still 35.70.

Comment

⋅ Mar 7, 2016 4:52 PM

TP1 reached, closed 50% of the amount with profit and moved the SL to 36.50

Trade closed: target reached

⋅ Mar 7, 2016 6:54 PM

TP2 almost reached, I closed the trade manually at 38.05

Oil Crude Oil WTI

Comments

nbn007

⋅ Mar 6, 2016 12:30 PM

This blue line is no joke, should hold it for a while.

captain_smollett

⋅ Mar 6, 2016 11:25 PM

Looks like not... Took my trade and I hope it won´t crash back now

captain_smollett

⋅ Mar 5, 2016 12:02 PM

Please notice that right now USOIL is facing a massive resistance on 36.16 figures which is a trend line which started back in June 2015. I´d await until the trend line is broken and buy there, targeting 38.10 figures.

Therefore:

Entry point 36.30 (approximately)
SL: 35.70 (below Fibo 61.8% of W5)
TP1: 37.30
Tp2: 38.10