QuantitativeExhaustion
Long

US OIL Trade Plan

FX:USOIL   Crude Oil (WTI)
308 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!
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YOu are always right on the target. what do you think about DWTI. Is it time for DWTI? thank you
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snapshot


US Dollar chart
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snapshot

Larger target 56.70
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snapshot

Long Term Oil Cycle
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