USOIL is at 61.8% Retracement will shoot up to 32.90$

10 avr. 2020

According to my view USOIL is at 61.8% Retracement (correction) in Daily candle closing basis. This is based on basic technical analysis with support and Resistance/Supply & demand using Fibonacci Retracement as an entry level and Fibonacci extension for target level. As per my view it will reach to 32.90$. As we know USOIL if spot price for crude oil futures in MCX so my suggestion is entry according to analysis through USOIL and targets also followed by it.

Buy @ 23.07$
Target 1 32.90$
Stoploss @ 21$ as per 1 day candle closing basis

#Happy Trading

14 avr. 2020

Note

USOIL STOP LOSS HIT should exit from long. As per daily candle basis it closed below the retracement level. So can go for sell target is previous low 19.50$

14 avr. 2020

Trade fermée: ordre d’arrêt atteint