Very short term Confirmed target . See yellow line and look for a short position. I currently have short at 57.10 and 56.75.
Here is an update to Oil. Med term target remains the same however for the time being. Oil will most likely push up to 58-62 area (sell zone) I will be looking for a bearish H1 breakout in that zone to enter short. Anyone that follow me through the old chart I posted I would advise to TP ASAP.
1.2490 is now a confirmed target. The green area is the buy zone. GL No SL needed
Target for USOIL remains the same (see yellow arrow). I will be looking a good short entry. Potentially shorts entry can range from 56.60 to 57.80.
A weekly close above the red line (1.22655) confirms 1.25 (1.2490) for next week!.
I’m looking for a sell position on Oil. Stop loss is the yellow line. Potential sells could 56.80 or 57
As we can see. On the weekly GU has potential to target the top of the line (1.26). The green lines represent the weekly descending bearish channel.
1.2380 is now confirmed. I’m looking for a buy 1.2195.