USOIL : Daily View. Potential Target $36

Aktualisiert
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
Trade ist aktiv
Short at $43.8
clean breakout ! surviving on R1 43.01
Anmerkung
Broke 43.01 Support.
Targeting 41.71
Trade geschlossen: Ziel wurde erreicht
Target 1 reached
We also breached Important level 42.
Anmerkung
Taking Partial close. step by step.
Trade geschlossen: Ziel wurde erreicht
We touched 41.74. That is 0.382 Fib.
Now we can see little bounce and consolidation.
though FOMC can change things.
Anmerkung
Very close to 41. wooohoo
Anmerkung
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.
Anmerkung
Made strong Upmove, Watching Trendline to break.
Anmerkung
We have Breakout at 43.30
Possible scenario
Snapshot
Anmerkung
Made very Impulsive candle. might test resistance of previous penant 44.5
Trade wurde manuell geschlossen
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.
brentbrentoilcrudeDWTIOilpetrodollarsaudiUSDCrude Oil WTIWTI

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