SonicDeejay

WTI Crude Oil (Oct 2018) (Wait @ Resistants)

OANDA:WTICOUSD   West Texas Oil
This will be my views of WTI (Oct 2018)
Please make sure to read the "update" comment as there will be changes along the way.


Cheers.

S0nic

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Oct 16
Comment: Updated View On Oil (17 Oct 2018)

We are in retracement mode and it will continue to do so. It is rebounding up as it is in line with the global market.

It can swing up to 73.8 level just to swing back down.

The ultimate TP will be $69.5.

All the best.

Oct 17
Comment: Our expected target (69.5) is met, well almost. Congrats to those who followed.

I am still leaning toward bearish side for now until we have a strong bullish pushback to come in.

Oct 18
Trade closed: target reached: TP hit!

Cheers!
Oct 23
Comment: Updated View On Oil (23 Oct 2018)

It has hit our TP level and it is going sideways as I expect.

The market will be listless in my opinion with no hard edge on both sides..

Take profit if you already have.


All the best.


Oct 30
Comment: Updated View On Oil (31 Oct 2018)

Take Profit from Your short if there is.

NOw $65.70 is acting as decent support and it may swing higher soon.
At the same time, watch out $67.5 level too, as it can act as hard resistant.


All the best.


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