USOIL : Daily View. Potential Target $36

٢٣ يوليو ٢٠١٦

Crown patterns emerges very evidently. Conventional target $36 which is 0.618 fib retracement.
Any news can give breakout from the pattern and rally towards $54-$55

Be careful

Long term trade
Short Entry Price : 44.30 (Candle Close below)
SL : $ 46.65
TG1 : $43.01
TG2 : $38.85
TG3 : $36.03

Pls refer to all Resistance line (Maroon)

PS. Generally I dont believe in support and resistance theory. Those are heaven for brokers.

Happy Trading

٢٥ يوليو ٢٠١٦

تم فتح الصفقة

Short at $43.8
clean breakout ! surviving on R1 43.01

٢٦ يوليو ٢٠١٦

ملاحظة

Broke 43.01 Support.
Targeting 41.71

٢٧ يوليو ٢٠١٦

أغلقت الصفقة: تم الوصول للهدف

Target 1 reached
We also breached Important level 42.

٢٧ يوليو ٢٠١٦

ملاحظة

Taking Partial close. step by step.

٢٧ يوليو ٢٠١٦

أغلقت الصفقة: تم الوصول للهدف

We touched 41.74. That is 0.382 Fib.
Now we can see little bounce and consolidation.
though FOMC can change things.

٢٨ يوليو ٢٠١٦

ملاحظة

Very close to 41. wooohoo

٤ أغسطس ٢٠١٦

ملاحظة

Breached 40 and made 39.29 Low.
After Data trying for upward correction.
I still have same view. Oil is bearish at least till 36.

٨ أغسطس ٢٠١٦

ملاحظة

Made strong Upmove, Watching Trendline to break.

٨ أغسطس ٢٠١٦

ملاحظة

We have Breakout at 43.30
Possible scenario

١٢ أغسطس ٢٠١٦

ملاحظة

Made very Impulsive candle. might test resistance of previous penant 44.5

١٢ أغسطس ٢٠١٦

تم إغلاق الصفقة يدويًا

We broke out 44.5 very clear.
we have done the down cycle
first target 46.5 and then towards 51-52 channel top.
All dips are buy for now.
I will end this chart here.
This New bull deserves new chart.
Thanks folks for all likes and support.