WTI USOIL POSSIBLE BULLISH SCENARIO
Possible bullish scenario this week:
MONDAY TP 69.5 / Sell 69.5
Oil goes up initially in Asian markets, people buying in preparation for FED Rates. European market sells from 69.5 as news of recovery from hurricane sinks in. HNS forming.
TUESDAY TP 66.8 / Buy 66.8
66.8 reached in early american market. HNS formed. Reversal mid day american market in preparation for FED Rates.
WEDNESDAY/THURSDAY TP 72.5 reached on release of rate.
Good news/0.50 - TP 74.3
Bad news/0.25 - sell from 4H 200MA, TP 64.5
MONDAY TP 69.5 / Sell 69.5
Oil goes up initially in Asian markets, people buying in preparation for FED Rates. European market sells from 69.5 as news of recovery from hurricane sinks in. HNS forming.
TUESDAY TP 66.8 / Buy 66.8
66.8 reached in early american market. HNS formed. Reversal mid day american market in preparation for FED Rates.
WEDNESDAY/THURSDAY TP 72.5 reached on release of rate.
Good news/0.50 - TP 74.3
Bad news/0.25 - sell from 4H 200MA, TP 64.5
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