hello everybody.
according to the technical analyze we can see the terminal trend in US oil.
and i think the trend in 1D timeframe become weak and i see a correction potential for that.
after we break out of disjoint channel that i draw on my chart we could have a pullback and after that
go down.
the first target for swing traders is around 93 94
and we can see a strengh support around 85-90 area like i illustrate in chart.
PCC(point of control)is in this area and we have the MA200 here too.
in addition longterm trendline is around this condition.
so we have 3 important levels and support in this area (85-90).
our momentum is in overbought level and going downward.
dont forget to put stoploss above the last major high.
(NOTE:friends this is my personal opinion and its not a trade suggestion.
please analyze in your own strategy and help me be better)
thank you all.
according to the technical analyze we can see the terminal trend in US oil.
and i think the trend in 1D timeframe become weak and i see a correction potential for that.
after we break out of disjoint channel that i draw on my chart we could have a pullback and after that
go down.
the first target for swing traders is around 93 94
and we can see a strengh support around 85-90 area like i illustrate in chart.
PCC(point of control)is in this area and we have the MA200 here too.
in addition longterm trendline is around this condition.
so we have 3 important levels and support in this area (85-90).
our momentum is in overbought level and going downward.
dont forget to put stoploss above the last major high.
(NOTE:friends this is my personal opinion and its not a trade suggestion.
please analyze in your own strategy and help me be better)
thank you all.
Trade closed: target reached:
after about 40 days that i share this idea (we are in 122$)
WTI reache the first support at 95$
hope you used this opportunity.
WTI reache the first support at 95$
hope you used this opportunity.