Crudeoilwti
US Oil - Bull FlagWe start the week with US Oil above broken resistance at 52.73 with the pole of a potential Bull flag forming. A correction (the flag) back towards the 52.73 area of resistance turning support will provide a great place to look for Bullish formations and patterns for longs up towards the next key areas of resistance and targets to the upside at 54.48 and 55.23 respectively.
Crude Medium TermThis is a follow up to my crude medium term idea (please see the related idea link below to view the original idea), So far buy orders were filled at 49.22 for a target to 53.94, momentum looks to be slowing and it is likely that we may see a dip, to me dips will be good opportunity to build the position. So i am still holding my bullish stance on crude.
Strategy: Rebuy on dips to build the position, while move the stop to b/e for 49.22 filled orders.
Croude oilCrude oil daily chart already completed head &shoulders pattern, also break nick line and trend line . today,s price now 50.83 previous Dynamic resistance 50.43 also break and confirm market going more up. In my view Crude oil continuing up trend till Fibonacci 127-141 level And price touch 54.00 aria.. we also find here crude oil daily candle are create harmonic and also completed A-B for cypher patter now price going for C.