usoilanalysis

TheConcierge

Pivot: 47.75 Most Likely Scenario: long positions above 47.75 with targets @ 49.30 & 50.20 in extension. Alternative scenario: below 47.75 look for further downside with 47.30 & 46.80 as targets. Comment: the RSI advocates for further advance.

TheConcierge

Pivot: 47.50 Most Likely Scenario: short positions below 47.50 with targets @ 45.55 & 44.50 in extension. Alternative scenario: above 47.50 look for further upside with 48.50 & 49.30 as targets. Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

TheConcierge

Pivot: 48.72 Most Likely Scenario: short positions below 48.72 with targets @ 46.50 & 45.55 in extension. Alternative scenario: above 48.72 look for further upside with 49.30 & 50.00 as targets. Comment: the RSI is mixed with a bearish bias.

TheConcierge

Pivot: 48.60 Most Likely Scenario: short positions below 48.60 with targets @ 47.50 & 47.10 in extension. Alternative scenario: above 48.60 look for further upside with 49.30 & 50.00 as targets. Comment: the RSI lacks upward momentum.

TheConcierge

Pivot: 49.30 Most Likely Scenario: short positions below 49.30 with targets @ 48.00 & 47.50 in extension. Alternative scenario: above 49.30 look for further upside with 50.00 & 50.35 as targets. Comment: the RSI lacks upward momentum.

Spapadap

R/S Lines shown MAIN LONG TERM SUPPORT BROKEN ON LOG CHART STILL YET TO BE BROKEN ON NORMAL CHART. SHOULD HAPPEN SOON. NORMAL CHART short view

val_trader Updated 

Daily Pitchfork still valid, Imho next Target is 47

GWaves Updated 

Hello Traders, Similar to CL1! we have a bearish Wolfe Wave in USOIL. I would cautiously enter a short trade here with tight stops.

Elliot_Myers

Price action likely to consolidate around weekly resistance at 39.63 before advancing to the next weekly resistance at 49.08 before pushing upwards to 50.68 where the physiologically important $50 oil mark will likely cause the liquidation of long positions and a sharp correction downwards. Buy entry point at any failure to break before between 42.32 - 41.42

DR.

It's about time oil take a cover - south he goes : 39.95 before or by Friday :)

pipizer

USOIL completed bearish shark hopefully will go down now.

DR.

USOIL to hit 39.84

ajithchand-bhandaari

We expect CRUDE to rise. STOCH RSI is rising. RSI is rising. CCI is rising. We expect crude to stay long above: 34.77 SL: 34.48 TGT 01: 35.59 TGT 02: 35.91 TGT 03:36.91 Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.

ajithchand-bhandaari

USOIL is expected to sink now. There are many reason why we feel it may sink. 01. It is trying to touch Tgt 01. of quarterly short level of 29.66 02. HAMMER in daily Chart. 03. To sink and come near quarterly Tgt 01. sell level of 29.66 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is...