USOIL : Daily View. Potential Target $36

2016年7月23日

Crown patterns emerges very evidently. Conventional target $36 which is 0.618 fib retracement.
Any news can give breakout from the pattern and rally towards $54-$55

Be careful

Long term trade
Short Entry Price : 44.30 (Candle Close below)
SL : $ 46.65
TG1 : $43.01
TG2 : $38.85
TG3 : $36.03

Pls refer to all Resistance line (Maroon)

PS. Generally I dont believe in support and resistance theory. Those are heaven for brokers.

Happy Trading

2016年7月25日

交易進行

Short at $43.8
clean breakout ! surviving on R1 43.01

2016年7月26日

註釋

Broke 43.01 Support.
Targeting 41.71

2016年7月27日

交易結束：目標達成

Target 1 reached
We also breached Important level 42.

2016年7月27日

註釋

Taking Partial close. step by step.

2016年7月27日

交易結束：目標達成

We touched 41.74. That is 0.382 Fib.
Now we can see little bounce and consolidation.
though FOMC can change things.

2016年7月28日

註釋

Very close to 41. wooohoo

2016年8月4日

註釋

Breached 40 and made 39.29 Low.
After Data trying for upward correction.
I still have same view. Oil is bearish at least till 36.

2016年8月8日

註釋

Made strong Upmove, Watching Trendline to break.

2016年8月8日

註釋

We have Breakout at 43.30
Possible scenario

2016年8月12日

註釋

Made very Impulsive candle. might test resistance of previous penant 44.5

2016年8月12日

手動結束交易

We broke out 44.5 very clear.
we have done the down cycle
first target 46.5 and then towards 51-52 channel top.
All dips are buy for now.
I will end this chart here.
This New bull deserves new chart.
Thanks folks for all likes and support.