Oil Support and Resistance levels

15 août

Oil forming and inverse head shoulder pattern only valid if this trendline support helds on 76.50 area. if it takes support and continues with pattern oil might see 80 and 82 even 84 with head length again, keep on eye on current levels for breakdown or rejection to upside.

On lowerside if voilates trendline support 76 to 73 can be see below.

17 août

Note

Trendline support got voilated H&S invalid now, trading at 75 area support if that goes out Oil will go down 2 points dowside easily to 73 area.

19 août

Note

73 incomming

20 août

Note

73 done

20 août

Trade fermée manuellement

lower target of 73 reached

23 août

Note

73.20 above sustains long till 75,76 and 78 targets

23 août

Note

trendline resistance break out happened

24 août

Note

75 acheived

26 août

Note

78 area testing now

28 août

Note

at support now a rejection here can long else shot to 72 area target

28 août

Note

long on support area

28 août

Note

so far good up halfway to target

29 août

Note

heading for target

29 août

Note

Target acheived

1 sept.

Note

73 and 72.50 immeadiate support if it goes further down there is support on 71.50 area

4 sept.

Note

73 and 72.50 voilted fell to lower side