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Usoilsell

Short USOILFundamentals:- Although we had a drop in the API figures yesterday the EIA figures have not been reflected consistently in the Price. The freeze in Oil production is looking less likely to happen with Iran still wishing to compete for their market share. With little hope of a reduction in production the Oil price is likely to remain low for some time. Technicals:- As you can see from the chart we are in the early stages of a head and shoulders pattern which is indicative of a reversal on this up trend. I will be looking to sell from the top of the second shoulder targeting the 26.00 support price. Learn to trade like a pro for free bankonadam.com
FX:USOILShort
by FreeForexSignals4u
USOIL ::: SHORT ::: REVERSAL CALLUSOIL is expected to sink now. There are many reason why we feel it may sink. 01. It is trying to touch Tgt 01. of quarterly short level of 29.66 02. HAMMER in daily Chart. 03. To sink and come near quarterly Tgt 01. sell level of 29.66 04. Stoch RSI (3,3,14,Close) clearly states it may sink. 05. RSI(14,CLOSE) Is also of the same view. 06. CCI(20,CLOSE) Is also sinking. Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from sell bellow:31.29 with a SL @: 31.71 Tgt01: 30.06 Tgt02: 29.66 . Please bear in mind this is reversal call. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
FX:USOILShort
by ajithchand-bhandaari