Stoic-Trader

OIL finishing a nice textbook correction, aiming at $100

Long
TVC:USOIL   CFDs on WTI Crude Oil
As mentioned in my previous analysis, we have a nice ABC correction that has already tested 50% retracement, and you can begin looking for LONG trades.

If you are picky and risk averse, you can wait and see if we get one final leg down to test 61.8% retracement @ 74.39 (ideally with RSI divergence on a smaller timeframe)

I do believe that a test of $100 is on the cards...

Good luck trading!

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