"USOIL AT A DECISION POINT" by trader Petr Suchanek — published April 17, 2014

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CFDs on Crude Oil (WTI) (FX:USOIL)

FX:USOIL CFDs on Crude Oil (WTI)

Crude Oil WTI Crude Oil

usoil crudeoil

I am convinced that this might be a potential signal to go short in Oil . It means, if 104.2 is really the real decision point, price should rotate down, where the first target zone might be around 97.6, which is a prior low and a potential second target zone might be around 92.0, which is a major support in the long term.

Full analysis in my new blog post here: http://bit.ly/1qNeboH

Petr
YouTube Channel: http://bit.ly/17jWiog
TWITTER: @FlexibleTrader
E-MAIL: psuchanek@smbcap.com
Blog: http://bit.ly/1qaZNHk

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