USOIL Similar to Gold
Power of Inverse 1.618 EXT
If you want to short oil , or if you want to set
a great place for you to take profit of your
40.20 will be the best level.
Watch for RSI Overbought and
Price action as a confirmation to enter the trade.
The current April Contract is going to expire soon and when it changes to May contract, the price of USOIL will jump straight to the price of May contract. At the moment, the price of May contract crude oil is already at 40. does it mean actually the oil has already reached the entry point ?
i m using CFD. Because of Contango, May future price is higher than April. So I have the same question, when Apr expires, the price might automatically higher, in that circumstances, is 40.2 still a good entry point for short?
I am your follower and have learnt a lot from you. Thanks
Hi Tinsunrise, would you please let us know if you have some sort of timing/range of period that you expect to reach the target of $33.7? I understand it is difficult to say/calculate/predict. The reason I am asking is because I am bad with timing. Often I have a good and realistic target but changed during the course because I see there is no price movement or see a wining trade turn into a small losses etc or sometimes just feel impatient. If I can see some sort of timing period which will help me trade better. If not too much trouble, if you can give a range/period/timing for each of your analysis, I am sure a lots of us will be greatly appreciated. Love your work and thank you so much for everything.
US Oil just rolled over from April to May contract, the price went up accordingly from $39.30 to $41 over. That's a big jump, I never traded CFD before so I am curious about the profit for this move: does any one make money on this increase? Let's say you hold a long on Friday closing time @ about $39.35, do you make $1.70 for the rollover from April to May? Thanks.