USOIL : Daily View. Potential Target $36

23 jul 2016

Crown patterns emerges very evidently. Conventional target $36 which is 0.618 fib retracement.
Any news can give breakout from the pattern and rally towards $54-$55

Be careful

Long term trade
Short Entry Price : 44.30 (Candle Close below)
SL : $ 46.65
TG1 : $43.01
TG2 : $38.85
TG3 : $36.03

Pls refer to all Resistance line (Maroon)

PS. Generally I dont believe in support and resistance theory. Those are heaven for brokers.

Happy Trading

25 jul 2016

Operación activa

Short at $43.8
clean breakout ! surviving on R1 43.01

26 jul 2016

Nota

Broke 43.01 Support.
Targeting 41.71

27 jul 2016

Operación cerrada: objetivo alcanzado

Target 1 reached
We also breached Important level 42.

27 jul 2016

Nota

Taking Partial close. step by step.

27 jul 2016

Operación cerrada: objetivo alcanzado

We touched 41.74. That is 0.382 Fib.
Now we can see little bounce and consolidation.
though FOMC can change things.

28 jul 2016

Nota

Very close to 41. wooohoo

4 ago 2016

Nota

Breached 40 and made 39.29 Low.
After Data trying for upward correction.
I still have same view. Oil is bearish at least till 36.

8 ago 2016

Nota

Made strong Upmove, Watching Trendline to break.

8 ago 2016

Nota

We have Breakout at 43.30
Possible scenario

12 ago 2016

Nota

Made very Impulsive candle. might test resistance of previous penant 44.5

12 ago 2016

Operación cerrada manualmente

We broke out 44.5 very clear.
we have done the down cycle
first target 46.5 and then towards 51-52 channel top.
All dips are buy for now.
I will end this chart here.
This New bull deserves new chart.
Thanks folks for all likes and support.