FUNTRADER-Vera
Long

1509 USOIL is making movement between 67 to 78

TVC:USOIL   CFDs on WTI Crude Oil
A Japanese buyer has loaded Iranian oil on a tanker
expected to arrive in Japan in early October, in what could
be the last purchase of Iranian oil before the U.S.
sanctions snap back in early November.
Saudi Arabia wants $100 oil and Donald Trump might help
them achieve that goal by starting sanctions of Iranian in early November.

Back to this chart,this is only R/S analysis.
USOIL has made its first support position on 67.
As long as 69 is confirmed as another support, it will retest
72 -73.5 again soon.
Technically, 78 is not impossible in the near months.
So before making 100 happens, moving between 67-78 is
more reasonable in the very near future.

Less is more!
Sep 19
Trade closed: target reached: this is a signal triggered already.
EN: 68.70 OR CURRENT PRICE
SL: 67.80 ( 90 PIPS)
TP1: 70.60 (190 PIPS, RR>1)
TP2: 72.10 (340 PIPS)
TP3: 73.30 (460 PIPS)

Now tp1 hit with 190 pips.
THANKSGIVING month is coming soon. The best choice is half year signal.
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Excellent levels Vera. We expect the 4H Channel Up to attempt a 71.88 Higher High this week. We remain bullish with TP = 71.88 and 72.86 in extension:

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Excellent analysis! Let's wait for 69 then.
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