Targets for usoil (2016-10-05)

٥ أكتوبر ٢٠١٦

USoil starts another wave up after it got supported at 42.7 and broke out of the weekly decline channel (which needs to confirm at weekly closed price). It will head up higher if it breaks the current resistance zone at 50~50.5.
TP1: 54
TP2: 58.2
TP3: 61.5

Good luck for everyone!

٧ أكتوبر ٢٠١٦

ملاحظة

Unfortunately it does not break out of the resistance zone at 50~50.5 this week. It might retrace back to 48.9~49 -> 47.5~47.6 which will be a good buy level.

٢٩ أكتوبر ٢٠١٦

ملاحظة

It will be interesting to see what will oil go next week.