I think 47 coming In oilI think 47 is coming very soon specially in current Maco conditions. Break of 50.3 will make a sure confirmation
Uscrudeoil
WTI Crude Oil, to sell?I think on the next days we will see a selloff on WTI, going down, TechAnalisys.
Us oil is going down or not?Entry Point : 72.55-72.90
Stop Loss : 75.5
First Take profit : 65
Second Take profit : 59
Last Take Profit : 55
Potential Buy OppurtunityPositional BUY Opportunity:
Buy above $66.5 with TP $71.
On reaching $71; it will complete formation of bearish cypher pattern.
SHORT at $71 with TP1 = 32.8% retrace of CD & TP2= 61.8% retrace of CD.
Let's see how it plays.
USOIL30MINS tradeHI, the usoil30mins has closed below 51.76, hence it is now good entry price to short. im not quite sure the target atm, but lets make a stoploss protection for profit if it's profitable before tomorrow's OPEC.
in longer term i expect this pair falling to at least 46. goodluck all !
