Peymana71
Short

Bearish Signs on USOIL , Everywhere.

FX:USOIL   CFDs on Crude Oil (WTI)
Don't want to enter it too much but with this price lvl in USOIL it need more retrace at least,never mind that i think all last 2 years movements of it formed a bearish wedge but in some market like Oil that many different factors can push market can't really count on technical matters too much and with political situation between Iran and USA and new sanctions about Iran's Oil , USOIL can go forward for new highs but now it's really need a retrace and can short it with stop around $79 and first target is $70.58-$71.Don't think it go with one wave to 68 but it will make a impact with blue line soon.
Comment: As you can see we dropped as expected,no it will find a new support here or some lower and after a little retrace it will continue to drop.
Comment: -no = now
Comment: Reached my first and second target.it have room till 66.5.Move your top loss if you want continue till last station.
Trade closed: target reached: Update here,join me there:

Comments

I hope you're right. Thanks!
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its not even a target
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The volume is too high and bullish for it to go bearish. Expect a gap up.
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now u tell me, I've been short since 68 thanks to the other Chinese jack dude
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Peymana71 TomPower
@TomPower, 78?? Yeah i just started FX Analysis from yesterday.Hope next time tell you right in time.
+1 Reply
TomPower Peymana71
@Peymana71, wow found a new wizard in you although I didn't take it because of the other jack off I follow
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Peymana71 TomPower
@TomPower, Thanks,you're welcome
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