Support and resistance levels for usoil (2016-07-31)

2016년 7월 31일

USOIL might rebound from here because it is coming to a potential reverse zone and bottom of the potential rising channel.

Pay attention to the resistance at 42.58 and 43.24. If they are broken, it will go up to 44.5 which is a very important resistance level on weekly chart.
If oil rejects back from these resistances with high volume and breaks down the rising channel, it has probability going down to 38.5.
I hold the idea it will rebound next week. As to the trading advice for next week, please refer to 4h chart below.

Good luck for everyone!

2016년 8월 1일

노트

Oil might go to bottom of the weekly decline channel.