U.S. DOLLAR / WTI CRUDE OIL
Updated

Elliott wave analysis on usoil (2017-08-28)

550
USOIL had a nice moving up after touching 43 area last time.
USOIL futures (2017-05-26)

Now it seems that USOIL is undergoing a shrink triangle pattern likely. It has the probability to go down around 43 again before heading up.

Good luck to everyone!

Trade with care!
Trade closed manually
Closed short due to UK oil got supported.
snapshot
Note
Reject back from resistance line!
Note
It breaks out of the resistance line. Oil is in a bull market. Buy every pull back!
Trade closed: target reached
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.