USOIL@26th May 2016--- All set for a fall from high 50.18$..

USOIL@26th May 2016--- All set for a fall from high 50.18$...
The kind of fall we are getting since top@50.18 $ looks like we shall be going down --some conditions to be fulfilled before it goes down...It is rising wedge structure W-X-Y. Dip below 47 $ & black trendline broken shall be 1st clue & breach of long term trend line & going 44 $ & later 41 $ --Its all done—a high possibility of going below 26$ (Start of W-Wave)…

Plan Your Trades accordingly….Sell on Rallies is what I will suggest in coming days.

Regards,
Abhishek H.Singh, CMT

Comment:

8:32 pm (IST) -2nd June 2016 --We are on the way.....48.18....

Trade closed manually:

Not getting that dip below 47$...so..I am not taking short..Current Price -50$...It has all possibility of going & touching 54-55$...so, be clear & don't fight market. Regards