goodguy

Another bullish day for oil

Long
FX:USOIL   CFDs on Crude Oil (WTI)
258 views
6
On my recent posts I suggested oil will likely have a deep correction to .78 or even to 1.0 (ie a double bottom ). In the last few days the closes are all near .78 and the lows at .84 retracement. Late today we had a big pop up in oil . with another bullish candle on the daily chart and a break of the downtrend line on the 120 chart. So I am now long with the stop below the previous low < 37.73. I would not be surprised to see some pull back tomorrow to give a good entry point if you are so inclined. Make you own judgement as this is just the way I see it. Take care. Have a great weekend coming up. Goodguy.

Comments

Going good so far, let's see how it develops. Thanks for sharing.
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Thanks for the feedback and sharing your work too. Have a great week.
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Good call, goodguy!
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goodguy coolingla
Thanks for the feedback.
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