daily chart for NG. Watch these supports/res very closely with MFI! Exciting times ahead!
Sorry, quick chart, shows my mess but dark green is fib if PA/RSI show retrace in action.
Stops around $50.7 holding as support and then attempting to short the $51.77 area.
Short on pop of bullish draw report $UWTI $DWTI $USO $UCO $CL1
I'm looking for a retrace off of a recent rally. Trade safe.
Longs from $43.15 closed yesterday at $46.40 Shorting from $46.15 Target below $44
As you can see in the chart, today it wasn't able to cross the resistance. If today's closing will not cross the 43.20 zone, it's a sign that usoil is still in it's downtrend.
Quick TP1 44.65 From there I will show a short if it even reaches. I'm surprised it didn't stop out.
Feedback welcome! NYMEX:CL1! AMEX:USO FX_IDC:USDWTI AMEX:UWTI AMEX:DWTI
Sorry .. Saw an error... Try this one more time. We have added to our shorts. We shorted @ 47.07 This will be a short-term trade of less than 30 days. Cycle 2016.825. Look it up. Be safe.. Bug swings coming.
TA memo to myself charting possible contingencies. USOIL to follow fundamentals/EIA/API/Rigs and channel/squeeze until September OPEC meeting. Currently at 46.60ish. EIA report was bearish but less bearish than the API report. I am still tempted for potential break-out buy point is at 46.00ish? But another more realistic possibility for me--if last week was...
Retrace completed with notes. Follow for more!
Cup and Handle formation with an oversold indication on the RSI (Relative Strength Index). ~195 dollar price target.
USOIL shows bearish gartley H4 TP1 43.2 TP241.67 SL 46.6