All in the video, one more down for USOIL looks correct and then a rally up to test 18ma on week/monthly charts. Long term is fuzzy, but 70 is a level bulls want to hold for sure into next year. Good luck!
Commentaire:
looks like a sell has started.
Commentaire:
XLE approaching the neckline and the daily BB, should find support but if not, the neckline will become resistance
Commentaire:
Oil is close to 72 support, time to be cautious
Commentaire:
I believe one more low on oil and then rally up
Commentaire:
target area reached on oil, could go lower, but I'm not pressing it.
Commentaire:
OIl looks finished, steep bull divergence on 2 hr chart.
Commentaire:
OIL, bounce from support level - possible Cup and handle formation targeting 80 level
Commentaire:
nope, at least one more down, probably under 70. xle target of 82 still valid
Commentaire:
weekly 18ma reached on XLE, out of shorts - we'll see how it goes next week