$USOIL EQ at 65.30, testing the previous high of Feb and March 2018. If 65.30 break next support at 62.
Haven't updated the trendlines since May 5. Played perfectly within the parallel channel (both support and resistance) and had an C&H breakout on daily. Must hold support level $202.50 Physiological resistance $220 $230
TVC:USOIL Bearish, PT 62 @ Fib 0.786 OPEC/Russia Meeting 22-23 Parallel channel breakout
Bounced off $22.55 Resistance at $25.75 MACD crossing 5,15 EMA crossing Needs to hold $24.25 for staying bullish
Short term bullish if technical break of long term apex with high vol MACD curling Entry @ $8.00 Stop loss @ $7.50 Exist @ 9.20
Long term parallel resistance $4.29 was broken Broken short term UT, MACD curling, Death cross 5EMA and 15EMA Next support $4.0 Must hold level $3.85 overall short term bearish and long term bullish if it holds $3.85
Entered long position since MACD cross. Parallel channel AA and BB repeating. Parallel Support = BB; Parallel Resistance AA Likely to consolidation between S1 = 171, R = 178 to continue previous parallel channel Golden cross short term EMA (15,5) Overall bullish unless Citron attack