Oil-trade
OIL DAILY SAY = more down possible but upper fibo61% is targetwe know oil is very very very veryyyyyyyy trendy market and go against trend is very dangerous agree?
wait near 71$ low and after pinbar comes on 1h-4h-daily chart pick buy with sl in low and try hold it 2-3 week ,,,technical say oil upper target is 85 then 100 $
predict = we predict oil fair price is 50$,,,,aftter 2-3 uptrend wave it can go down wild so dont open big size and without SL
good luck
USOIL 13% GainTVC:USOIL
Trade of the month for me, USOIL shorts, targets were based off price needing to come and take out this double bottom, to grab liquidity before then pushing higher and is playing out perfectly!
I will also be breaking this one down on my Youtube channel over the weekend! Youtube: Aaron Luce
Have a great weekend everyone! :)
US OIL Trade Plan Switched Oil holding (UWTI) near 40 and looking to hold long till target is reached $45.40. As you can see I have mapped out important support and resistance area using a 50% high/low method. Pivots and S/R was drawn from recent June through August High/Low as well as 2008 high to Feb. 11 this year low.
I will follow up with a short position (DWTI) when 45.40 area target is reached. I don't expect oil to go further than 42 after reaching 45.4 target. After short position, I will later look for a long position and a big move -- 56 area.