if you beleive that there is a possibility for bearish side on USOIL it may be a good timing with a descending triangle and much major pitchfork possible target 38$ area all comments are welcome
see that pitchfork and descending triangle if they are valid we should look to 39$ area comments are welcome
if it is draw correctly and if it is right 80% of the time there is a short entry here
I recently visit FORKER and found him very interesting so I draw my first pitchfork and found that USOIL can return to 37$ area comments are welcome please trade carefully
could be a possible triple top divergence on MACD
indicators are showing some weakness price near overhead down trending line
Looking for trading range to 750.26 or maybe a drop to 698.58 major formation with double top 2008=2015
Actually in a trading range near its bottom Resistance ahead 2.955$
previous support 42.01$ possible resistance 50.56$
Some risk here playing with cycles but there is a good yeild possible short time target 5.05$ ex dividend date aug 27th my positions are shown on graphic
Still some room downwards for CL1! meaning HOD going up
Last candle stick broke trending line Next possible stop 770.23 0r -3%
seems GC1! is looking for some highs, could be 1230$ MACD is coming in positive zone RSI is high too
could easily reach 100% for CL1! value over 58$