TradingView
zhipengcfel
31. Jul. 2016 10:27

Support and resistance levels for usoil (2016-07-31) 

Crude Oil FuturesNYMEX

Beschreibung

USOIL might rebound from here because it is coming to a potential reverse zone and bottom of the potential rising channel.

Pay attention to the resistance at 42.58 and 43.24. If they are broken, it will go up to 44.5 which is a very important resistance level on weekly chart.
If oil rejects back from these resistances with high volume and breaks down the rising channel, it has probability going down to 38.5.
I hold the idea it will rebound next week. As to the trading advice for next week, please refer to 4h chart below.


Good luck for everyone!

Kommentar

Oil might go to bottom of the weekly decline channel.
Kommentare
prasanro
sir i have labelleing wave count on daily chart if you give me opertunity to show you i will be very glad. so requied your email id if you allow
zhipengcfel
You can also publish it here via link of tradingview.
Mehr