Most probable scenarios for Oil
Updated
Scenario 1: Sideway between 80-85
Scenario 2: A double top formation and correction to 77-76 level.
This scenario could be possible if oil closes below 80.50 in the next few days!
Heiken Ashi chart: Supports the second scenario:
SCO:
If this correction happens, there will be a 15% gain opportunity in the next 2 weeks!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Scenario 2: A double top formation and correction to 77-76 level.
This scenario could be possible if oil closes below 80.50 in the next few days!
Heiken Ashi chart: Supports the second scenario:
SCO:
If this correction happens, there will be a 15% gain opportunity in the next 2 weeks!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Note
It seems oil has lost its support 
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