EverythingForex
Long

QUICK Take: USOil - Maybe Reaching CRITICAL Point! So far +413

FX:USOIL   CFDs on Crude Oil (WTI)
1143 5 31
We BOUGHT USOil back on Sep 1st and our members are now up +413 pips so far and still looking for more! BUT as you can see on the chart, I'm NOT completely BULLISH on Oil             just yet. From the chart, you can see that I am expecting that prices will hit $48 and then may reverse and retrace. MAYBE. In either case, my members and I will be pocketing almost +500 pips on this trade. For 8-9 days of patiently sitting and waiting after pulling the trigger on a BUY, even with just 1 FULL Lot on this trade, well, you can figure out the profit! IF...and that is a BIG IF, it does follow my projections here, we'll be looking at another very nice trade back down.

This POSSIBLE Bat (C point is NOT set yet and cannot be a POTENTIAL Bat until we see that C point confirmed) would more or less be a good guide as to how far this retrace might go. Remember, overall, I am VERY BULLISH on Oil             and see it headed towards $70 - $80 if not higher in the future..if not the NEAR future. My LONG TERM analysis on my website shows this. But for now, Oil             could be "wandering in the desert" for awhile.
Comment: Oil is trading in a wave (b) XYZ channel. So should see one more swing up before the wave (b) is done. We're already locked in on our profits on this trade so nothing to worry about. We'll be making nice bank no matter what happens.
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great call! its time for an update.
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I update it constantly on my website
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Oil is trading in a wave (b) XYZ channel. So should see one more swing up before the wave (b) is done. We're already locked in on our profits on this trade so nothing to worry about. We'll be making nice bank no matter what happens.
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my 2 cents
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good luck. I agree it will retrace but not yet.
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