Traders, USOIL worked great last week as predicted. Now It seems a little over stretched and market could be looking to retrace a bit. There are several opportunities in here. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other traders. Comment below and let me know what you think of this analysis and what is yours? I welcome all comments, feedback, ideas and sharing of knowledge. Have a great trading week!
Great analysis... excellent grasp of technical analysis and use of fib’ levels. Clear and comprehensive walk through.
Can we please get an update post the gap down and the various ‘positive’ albeit small bits of information coming out today.
Chance of it reaching fib’ 0.50 ...40 /42 USD based on the current analysis?
Thanks very much.
vikinsa
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@Enthusiast, Thanks a lot for your kind words and support. I will send a new update only when the structure changes. So far not much has changed as per my analysis. With gap it has simply & accurately tested one of the levels that I drew.
pmpou
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I agree with what "Enthusiast" said ! After your excellent analysis of the Nasdaq ( which is being confirmed today ) a second confirmation in regard to USOIL ! I would like to ask you.... Now that there are "clouds" about the Saudi-Russian agreement do you think that we can see USOIL lower, or even touching the $20 zone ( as other analysts claim.. ) ? Thanks in advance !
Can we please get an update post the gap down and the various ‘positive’ albeit small bits of information coming out today.
Chance of it reaching fib’ 0.50 ...40 /42 USD based on the current analysis?
Thanks very much.