USOIL and XLE - some ideas on the Short and Long term

١ ديسمبر ٢٠٢٢

All in the video, one more down for USOIL looks correct and then a rally up to test 18ma on week/monthly charts. Long term is fuzzy, but 70 is a level bulls want to hold for sure into next year. Good luck!

٢ ديسمبر ٢٠٢٢

ملاحظة

looks like a sell has started.

٥ ديسمبر ٢٠٢٢

ملاحظة

XLE approaching the neckline and the daily BB, should find support but if not, the neckline will become resistance

٧ ديسمبر ٢٠٢٢

ملاحظة

Oil is close to 72 support, time to be cautious

٧ ديسمبر ٢٠٢٢

ملاحظة

I believe one more low on oil and then rally up

٧ ديسمبر ٢٠٢٢

ملاحظة

target area reached on oil, could go lower, but I'm not pressing it.

٧ ديسمبر ٢٠٢٢

ملاحظة

OIl looks finished, steep bull divergence on 2 hr chart.

٨ ديسمبر ٢٠٢٢

ملاحظة

OIL, bounce from support level - possible Cup and handle formation targeting 80 level

٨ ديسمبر ٢٠٢٢

ملاحظة

nope, at least one more down, probably under 70. xle target of 82 still valid

٩ ديسمبر ٢٠٢٢

ملاحظة

weekly 18ma reached on XLE, out of shorts - we'll see how it goes next week