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Usoilidea

OIL SELL TRADEON THE DAILY WE HAVE A STRUCTURE WHERE PRICE HAS BOUNCED BACK FROM THE 43.00 FIB LEVEL. ALSO THERE IS A SQUEEZE MOMENTUM PATTERN WHERE PRICE WILL MOST LIKELY FALL TO PROFIT TARGET 40, 8 AND PROFIT TARGET 33.63. ENTER TRADE JUST BELOW THE 43 FIB LEVEL WITH A STOP JUST ABOVE 44 LEVEL. PRICE SHOULD AFTER THAT TEST THE RESISTANCE TREND LINE AND FALL TO PROFIT TARGET 1 40.80 PROFIT TARGET 2 38 PROFIT TARGET 3 33.63 AFTER THE BREAK OF EACH PROFIT TARGET DOUBLE UP ON POSITION.
FX:USOILShort
by ViorelBadin
USOIL ::: SHORT ::: REVERSAL CALLUSOIL is expected to sink now. There are many reason why we feel it may sink. 01. It is trying to touch Tgt 01. of quarterly short level of 29.66 02. HAMMER in daily Chart. 03. To sink and come near quarterly Tgt 01. sell level of 29.66 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from sell bellow:31.29 with a SL @: 31.71 Tgt01: 30.06 Tgt02: 29.66 . Please bear in mind this is reversal call. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:USOILShort
by ajithchand-bhandaari