USOIL:
As stated in the last breakdown oil should open and push back towards that 79.60 (I still feel we may hit this as the US session is still yet to open). There isn't much new to be added and my bias still stay's the same as last break down providing the technical are followed. (GO READ IT). I have taken two nice scalps this morning for some quick profit whilst I wait for the primary move to come through and I think it will play out as either two ways...
1) Spike to 79.60/80 upon US session opening and should we find major resistance then we will fall off quickly to the two marked zones, these will be my short targets.
2) Spike to 79.60/80 break through find support and continue the bullish trend.
I favour one but I am yet to enter short.
As stated in the last breakdown oil should open and push back towards that 79.60 (I still feel we may hit this as the US session is still yet to open). There isn't much new to be added and my bias still stay's the same as last break down providing the technical are followed. (GO READ IT). I have taken two nice scalps this morning for some quick profit whilst I wait for the primary move to come through and I think it will play out as either two ways...
1) Spike to 79.60/80 upon US session opening and should we find major resistance then we will fall off quickly to the two marked zones, these will be my short targets.
2) Spike to 79.60/80 break through find support and continue the bullish trend.
I favour one but I am yet to enter short.
