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!
Trade closed: target reached
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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)