Usoilbuy
YOLO: OIL LONGDespite the title, I take this trade with 100% seriousness. Oil has been heavily oversold in the past days and despite bad fundamental aspects, it has to "rest" before selling off more. Today (11/3/2016) we saw a quite rare phenomenon where a candle opens outside the lower BB and holds. NEVER in the past 2 years has this happened, without a "correction" in the following day(s). Thus I entered a long position at $44.48 with a tp of 45.7x. Still, because of the MACD sell signal sent off yesterday I will not hold this position if all goes bad and will also re-enter a short either way when techical indicators tell me to do so.
oil long advice on Strong support and FiboOil Trading around 49.9 level facing Strong support around 0.236 level which is 49.66 it can back up from cmp 49.9 or from 49.6
Advice buy oil in range of 49.9-49.5 sl below 49 and tp1 50.55-51.55
Long for medianNo follow through on drop, even after retesting broken TL from the back resulted in squeezed swings, that left the downsloping median set without reaching it's median. Now the last of the swings got zoomed and is currently being retested. A long postion shooting for the median seems like a good idea to me here. Sl underneath last swing.
USOIL. Short term potentially into long term USOIL has raided into daily OB. retest the breaker. upside target
USOIL. Monthly analysis very strong heading northFurther long possibility, we will wait if price breaks 50.48 then we can hopefully see 55.92. ( FIB level )
we will and observe let the trade co me to us.
trade safe
