USOIL inventories , In the United States, crude oil inventories last week dropped the most in 10 months.Crude inventories fell 7.6 million barrels in the week to July 7, to 495.35 million barrels. The decline was the biggest since the week ended Sept. 4. it will be a good for USOIL less inventories and strong demand from china, it could support usoil price to rise further. As technically USOIL trading the range of impluse with had a strong support near 43.90 , As dips hold above this level expect oil to continue higher. we don't like t to selling here.
Buy USOIL 45.40/45.10
Target: 47.10/48.40
Stoploss: 44.72
gud luck !
#forextuitions
Buy USOIL 45.40/45.10
Target: 47.10/48.40
Stoploss: 44.72
gud luck !
#forextuitions
Trade closed: target reached:
Target hit with @210 pips profit