trung.nguyenduc1708
Panjang

US Oil 28/6/2017 Rebound ???

TVC:USOIL   CFDs di Minyak Mentah WTI
331 6 17
A month ago, I said oil             price would fall back to $ 40-42 per barrel
The lowest price of this decline is $ 42.07
At the moment, I see some signs that price is rebounding

On daily chart :
-It still activates in a descending triangle
-Price touches the support lines and bounce up
-MACD signal

On H4 chart :
Price was the down channel



On monthly chart :





Komen:
Komen:
Komen:
Hi Trung do you think this will hold at 46 after todays -6.3 mil?
Balas
@Jafx, I think it has ended the recovery
Balas
How much would it mean economically if it rebounded to the January 2017 or so price? Does it need to recover above that level? Or is this more about USOIL being at or above a certain price?
Balas
@ccrepon88, I only use technical analysis for analysis.This is the highest price range it can recover.It can reach that level or not.We'll see
Balas
Need test 45.3-45.5 again
Balas
trung.nguyenduc1708 duongngocchau
@duongngocchau, yes that's right
Balas
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