Oil Trading on Very Strong level around 49.5 as on daily its strong support 49.05 and 48.5 if hold above 48.5 we can see 51-51.5 level soon
Advice buy in range of 49.55-48.7 Sl below 48.2 TP 51
Oil Trading around 49.25 level Where Strong Support level 48.5-48.3 and Today We have Oil inventories also.
Buy advice in range of 49.25-48.4 sl below 47.8 TP1 50.9 TP2 52
PRICE CAME DOWN AND RETESTED THE MAJOR SUPPORT TREND LINE AND THE 0.618 (43.00) FIB LEVEL.
PRICE SHOULD BOUNCE BACK.
ENTER WITH A BUY STOP JUST BELOW THE 43.60 PRICE LEVEL.
STOP LOSS JUST BELOW THE 0.618 FIB LEVEL AND THE MAJOR SUPPORT TREND LINE.
PROFIT TARGET IS 46.70 PRICE LEVEL.
STOCHASTIC/RSI IS GOING BELOW THE 20 LEVEL.
USOIL Long unless correction lasts longer
USOIL is at a crucial point to break higher or correct lower for a bigger correction
It is either in a impulsive 1 wave or it is forming a D and will correct lower down to an E before going long
