FX:USOIL   CFDs on Crude Oil (WTI)
Reached the peak of the megaphone developed since January 2015.
Expecting 0.5 fib pull back of the leg starting from $41.98 before resuming the uptrend to $77 range.

Given that $54 have been a strong resistance earlier (and now a support), it could be a potential target to start closing short.

Entry: 59.36/60.48
Stop loss: 62.65 (new highs)
Take profit: 52~54
bleh... this is the longest trade ever, with oil coiling around this range for weeks.
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longest. two weeks. ever.
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Am I seeing what I want? Or is this a valid scenario?
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crude oil back to No man's land
+3 Reply


4H M-Top.
+3 Reply
http://puu.sh/hJeaT/f2c0b693ce.png
+2 Reply
Yahia.Awes jangseohee
No short for you?
+1 Reply
To say this is going to happen exactly as before is not a good plan.
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2008-2009
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Very nice call! If it gets back in the channel the scenario will be very bad for crude oil...
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