WeeklyTrader

WeeklyTrader

hard to say , gold will go up or go down...

WeeklyTrader

interesting parellel channel.. maybe down first , retest 1230 then pick up the Up Trend?

WeeklyTrader

It may happen after the Data today

WeeklyTrader

Short entry : 40.18 SL 41.15 TP1 37.94 TP2 36.14

WeeklyTrader

now the trend is sideways between the stong support : 1232 and weaker resist : 1263 Trade Safe! Be patient...

WeeklyTrader

1. we saw a lower high on the 1hr-chart 2. there came a two line break close below 40.05 3. the 4hr's 0.382 support was broken just now

WeeklyTrader

0.382

WeeklyTrader

Entry 36.81 SL 38.02 TP1 34.71 TP2 32.82 TP3 30.32

WeeklyTrader

Time to decide NOW

WeeklyTrader

TBL up reversal 1.13 Bat pattern TP1 36.07 TP2 38.87 TP3 41.67

WeeklyTrader

As seen in the chart, ONCE we got a 4 hrs' close below 33, then SHORT: TP1 32.41 TP2 31.19 TP3 30

WeeklyTrader

1. AB = CD overshoot 2. no retracement yet 3. TBL became short after 35.17 4. strong restistance level 36.07

WeeklyTrader

If there is a strong support at 29.6, we can long USOIL to 34.2...

WeeklyTrader

1. AB = CD 2. touch the down channel 3. reverse 1.414 support

WeeklyTrader

Given the highest level of USOIL in 2015 is 61.39. And the lowest level of USOIL is 10.32 in 1999. What's amzaing is that 29.86 is a 0.382 key support.

WeeklyTrader

In the past week, USOIL came to the bottom line of the down channel. The price is falling, but the MACD is rising, so there is MACD divergence now. By the end of this month, we may come back to 0.5 resistance level.

WeeklyTrader

There is a butterfly in the 4 hrs chart, wating for CD leg down from 31.69 to 29.6. Then we may see a great reverse happen at the 1.272 support line.

WeeklyTrader

The CD leg will be an AB = CD flash to 1.27 support