Last night, there was a huge drop and stop at new Low (114.14) Then follow by engulfing and create new higher Low price at 114.82 So, now USOIL on retracement mode Once candle manage to break SNR 115.42, next target peice is 116.89
Since last night, trend is very strong with bullish This morning, gap happen and the first candle cannot break SNR 117.65 and reverse to close the gap Then, due to strong bullish trend, break out happen at SNR 117.65 Target price up to 118.11 However, if price retrace down and break below SNR at 116.77, that means trend start to change to downtrend
Major trend for USOIL still Uptrend The retracement failed to break price 115.41 Expected to continue fly to 116.81 However, if price reverse and break 115.41, trend will be change to DownTrend
A few hour ago, price go up and create divergence Confirmation by Awesome Indicator After that follow by 2 candle bear (TF : M30) and break out SNR 113.75 Target price to touch down at Fibo 261.8 (111.35)
Yesterday retracement down stop at 113.75 This morning, new engulfing candle on create new Resistance price at 114.33 If candle manage break yesterday Support at 113.75, price may down to 113.01 If candle reverse and break Resistance 114.33, Bullish still strong
Candle manage break SNR 111.04 Now in retracement around 23.6% Next destination on fibo 261.8 at 111.75 Direction movement will change if candle manage to break 110.61
If candle manage to close above 111.04, price will continue bullish to 111.57 However, if price close below 110.87, retracement will happen until 110.29 Current position already show Divergence, only the matter of break out will do the confirmation
if current price go up and failed to break SNR 112.560, there is possibility pattern chart Head N Shoulder will appear If this right, next destination price down to 110.833
This morning, price break 2 SNR, 110.37 and 110.73 Now, price re-test 110.37 if failed to break out, price will go to next fibo 261.8 at 112.03 Confirmation for cahnge direction if price manage to break lower SNR at 109.66
Due to price failed to break price 109.80, Next destination to complete fibo at 423.6 (108.26)
This morning, divergence appear through AWESOME indicator after price failed to break yesterday SUPPORT at 109.30 Once candle break above support 109.80, next target destination 111.37
Since last week at night, market went sideway, Will continue sideway before US Open market Divergence detected this morning at 03:00 Expected price down at 108.66
Since 22:00 yesterday, price start to retrace This morning, price already go sideway Base on stochastic, divergence alreay appear, it is best to entry short at 03:00 From the fibo drawing, price expected to retrace until fibo 261.8 (107.91)
This morning on server time 02:30, show divergence Just now at 04:00, breakout happen on trendline Price will go up Targeted price on 110.75
Divergence detected on server time 02:30 Next candle on 03:00 show engulfing Price will go up Best entry on 04:15 Target price on fibo 161.8 (110.75)