Now oil In lowest Point Possible for long position with stop lose on 47 but break this point we can see 44.5 soon. RSI and other indicators Show its Just start the short strength. The coming hours will give clear picture of the direction.
Till now USOIL under pursuer of the Supply and demand vs. the chart and indicators. just watch Now
I can see Short Position still valid till the target but our stop lose should be on 49.50 as I can see its the point. good luck all we need to see the close under 48.6 to go to our targets.
Good luck all how go short from 49 or 50 please don't forget the stop above 49.70 target 51.00
As all indicators show Oil for short just wait for this pin bar to close and confirm strong short position maybe targeted unsuspected low but be careful with ur stop up of 49.10 if the Meeting tomorrow positive maybe take the oil to new high record.
4H & 1D frames agreed that starting the strong short position and target 47.3 and if the meeting of tomorrow end with negative we can see 46.20 end of this week.
Still we need to brake the 49 to see 47.3 & 46.20
Since WTI cant brake 49.6 so most like to see short by 3$ to 5$ this coming 2 weeks always your stop on high last week
49.81 is the R2 our performance today is Short to 47 as a first target. see you down
Tow days of trading near 50$ is because of the Strong up trend and Strong resistance, after opening the market Tonight we can decide and have clear Idea about the direction if its couldn't brake the 49.80 probably 46.8 is the next target. My first Idea Hope you like it.