plancton0618

OIL Weekly/Daily Analysis 🦐

TVC:USOIL   CFDs on WTI Crude Oil
Oil on the Weekly chart hit the strong resistance near to a monthly level and start a retracement back.
The market after hit the lower weekly structure at the 0.618 fib level retracement and couldn’t manage to break below.
Price bounce over it and create a weekly double bottom higher close.
In the lower right chart (daily) we can see that price is now near to a minor daily resistance.
We will consider to open a position only at the break of the key level as shown on the chart.

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Here is the Plancton0618 technical analysis , please comment below if you have any question.
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Comments

Very helpful! Thanks a lot!
What do you think about my analysis:
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plancton0618 VasilyPonomarev
@VasilyPonomarev, thanks for sharing
Reply
Good analysis
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plancton0618 Mariobarretto
@Mariobarretto, Appreciate it mate
Reply
nice work mate same idea
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plancton0618 vortextrade
@vortextrade, Great great!
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good job on this one!
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plancton0618 Alexander_Harford
@Alexander_Harford, Glad you like it
Reply
Good presentation
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plancton0618 HediyeeRowshan
@HediyeeRowshan, Thanks mate
Reply
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