FX:USOIL   CFDs on Crude Oil (WTI)
309 8 15
Switched Oil             holding ( UWTI             ) near 40 and looking to hold long till target is reached $45.40. As you can see I have mapped out important support and resistance area using a 50% high/low method. Pivots and S/R was drawn from recent June through August High/Low as well as 2008 high to Feb. 11 this year low.

I will follow up with a short position ( DWTI             ) when 45.40 area target is reached. I don't expect oil             to go further than 42 after reaching 45.4 target. After short position, I will later look for a long position and a big move -- 56 area.
Trade active
Trade closed manually
Grear job on this one!
YOu are always right on the target. what do you think about DWTI. Is it time for DWTI? thank you

US Dollar chart

Larger target 56.70

Long Term Oil Cycle
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