Usoil : Buy dip near 51.3 level
Price has been testing 52 level for the third time, also stand firm on 51.3. A ranging condition means increasing uncertainty, while I'd like to hold bullish bias to the symbol as price has retested 51.30 with pin bar.A
FA factors also boost the oil, but it won't be a good idea to buy market price at 52. Buy dip instead.
Still holding long trade in line with my previous idea below.A three wave drive pattern shows the target can be set to 53.27 and 54.45 after consolidation above 52.
FA factors also boost the oil, but it won't be a good idea to buy market price at 52. Buy dip instead.
Still holding long trade in line with my previous idea below.A three wave drive pattern shows the target can be set to 53.27 and 54.45 after consolidation above 52.
Price hit 54.45 level, upside prevails.U can take profit near 55, a hard bone to take