veryevilone

$40 Oil idea (Small panic next week)

TVC:USOIL   CFDs on WTI Crude Oil
115 1 1
Hi, ive made this chart which predicts this channel will break down next week. I think the channel is kind of stealth and most traders dont see it which will cause a small panic when it breaks. Could spike as low as ~$40. If course it will be important to follow the smaller timeframes to see how price moves until next week.
Comment: Daily forecast
snapshot
Comment: So $40 would be ultra bearish. We could go to ~$43 only.
Comment: I could be very wrong on this prediction. Currently there seems to be bull divs on 1H, 4H and Daily. The dip also had nice volume, which imo acts as a sort of brake.

snapshot
yeah so many bulls currently. I agree with your 43 support but think we might test 47.21 first from over sold conditions
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