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anand1988

Double Bottom Formation being set up on US OIL?

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CFDs sobre petróleo crudo WTI (TVC:USOIL)  
anand1988 Actualizado   
TVC:USOIL   CFDs sobre petróleo crudo WTI
Chart Patterns Technical Indicators Trend Analysis
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chartpattern indicator trendanalysis
Price looks like it is going to make double bottom formation from where we can long till 39.8-40.1, but this is a temporary and short term move, expecting it to occur today or max by tomorrow. The main trend is short on Daily & Weekly time frames and target towards south looks like: 38, 37, 36, 35 on long term basis.
Comentarios:
Structure respected my idea and its complete. After monthly closing step by step downward trajectory will be initiated.
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