WtiOil at Probable Support Level 55.03

20/11/ 2019 WtiOil may have arrived at A Support Level at 55.03 and looking at A Swing High Phase -
Expected Price higher 57.00
This is only opinionated - Best to Watch & See and catch the Swing Low Trend on the way Down.
Again Stop-loss placement kept just under the nominated Support Level if under real trading examples.

i`m just contemplating that h1 chart may have run overbought - its not necessarily so but forming trading ideas so my followers get some trading experience out of it

Comment:

i`m just contemplating that h1 chart may have run overbought - its not necessarily so but forming trading ideas so my followers get some trading experience out of it

Trade active:

20/11/2019 Mid-Morning - Just to keep my followers Updated -
WtiOil Rate is 16 pip off High Mark at 57.00 Price should use this Range as A Higher Resistance Level towards Continuation Down-trend
Current Trend is Down - With A WtiOil Rate low set at 52.39
as First Support Level towards monthly chart cycle low allocated at 40.44 -

Price never fails my Fibonacci Gauge Test Applications.

Trade closed: target reached:

20/11/201 Late Afternoon - WtiOil Swing High Phase Target Reached at 1500
Trend still Active as of Higher Lower Outcome at 52.39 - As h1 bar Support Level.

Trade active:

Wtioil at 5700 Target Reached come`s down to 53.63 and then adds returns higher at expected Target 58.56 - Before Consolidation Phase will occur.

Trade closed: target reached:

17/12/2019 Late Afternoon - WtiOil Swing High Phase Target Reached at 60.04