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the_sunship

USOIL - false breakout and wind up

Corto
CFDs sobre petróleo crudo WTI (TVC:USOIL)  
the_sunship Actualizado   
TVC:USOIL   CFDs sobre petróleo crudo WTI
Technical Indicators Chart Patterns Wave Analysis Crude Oil WTI
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indicator chartpattern waveanalysis usoil
The breakout on OIL on Friday was rejected at the 18 weekly ma, again - so that's bearish. We are now under the daily 18. In my opinion this is winding up for a serious move down. Confirmation of a break of the major trendline is under 72 which may come quickly. First target approximately 65 dollars.

Good luck!
Comentarios:
objective short here on oil - lots of Daily ma's here as resistance.
snapshot

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