XxxDilikingxxX

Oil and the stages of the fall part 2.

TVC:USOIL   WTI 크루드 오일 CFDs
If you remember back I shared my first analysis about Oil prices and wanted to show how it reaches its resistance (around 65.4 dollars). It is pretty well worked out, then there was a pullback, but it did not even reach the previous swing High level (around 69.8 dollars). I really wait for another short position as I see the end of the impulse. Once it breaks the yellow trend line it will not stop until 67.43. It might bounce back from this level, but it makes more sense to go until the 66.66 price as it bounced back from there before and we can see a strong resistance level here. If the trend keep going down even after that our next price target is around 65.4-65.3 dollars. Some people say it is possible to see Oil price testing even 63.3 this week... What are your thoughts and probabilities in this case? any Oil traders here?

If you followed my previous chart discussion here about Oil, do not hesitate to share me the results :)

(Please note this post is not financial advise, and please do not trade under the influence of my posts!)

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.