WE HAVE SEEN THAT US OIL FELL FROM 41$ IT WAS OUR HARMONIC SELL...YOU CAN SEE MY PREVIOUS CHART ON US OIL... NOW IT TOOK SUPPORT AT 2HR TF TREND LINE.... US OIL HAVE TO BREAK OUR 41$ SELL FOR FURTHER UPMOVE....
CRUDE OIL IS NEAR GOOD SUPPORT OF 2500 ONE CAN BUY CRUDE AT 2517 SL 2500 TARGET IS 2550/2578/2613 *CONDITION* IF CRUDE OIL OPENS NEAR 1ST TARGET THEN BUY IT WITH THE NEW SUPPORT OF 2517 ASK YOUR FINANCIAL ADVISOR FIRST BEFORE JUMP INTO A TRADE RISK,REWARD,CAPITAL ANY LOSS OR GAIN LIABILITY IS YOURS
These are Support & Resistance levels for Crudeoil on 30M time frame. Significant Volume & Price Action can be seen in these levels. These levels should be kept in mind while Going for Short or Long. These levels will be helpful to Crudeoil trader & Should be used with their own Strategy. Thank You
USOIL is getting into the short term confluence area, (marked in red zone) , hold into that can lead to a rotation on the downside to test back the areas of 54.15 and lower. Hold above that the trend changes to positive for a test back to 55.30 areas
If Retracement came to 0.236 and moving up go fo buy below sell.