zhipengcfel
Long

Targets for usoil (2016-10-05)

TVC:USOIL   WTI CRUDE OIL
USoil             starts another wave up after it got supported at 42.7 and broke out of the weekly decline channel (which needs to confirm at weekly closed price). It will head up higher if it breaks the current resistance zone at 50~50.5.
TP1: 54
TP2: 58.2
TP3: 61.5

Good luck for everyone!
Comment: Unfortunately it does not break out of the resistance zone at 50~50.5 this week. It might retrace back to 48.9~49 -> 47.5~47.6 which will be a good buy level.
Comment: It will be interesting to see what will oil go next week.
after long gap you posted on USOIL WELCOME FOR NICE COMEBACK
+1 Reply
Agreed. Cheers!
+1 Reply
zhipengcfel IvanLabrie
Thanks. Cheers!
+1 Reply
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