Since USOIL reached rock bottom at 50, the price has fallen range bound.
The price is seen trading within the range of 50 to 55 since mid-November.
50 is definitely a tough nut to crack and thus more rebound is expected to occur as price goes for another retest.
The price is seen trading within the range of 50 to 55 since mid-November.
50 is definitely a tough nut to crack and thus more rebound is expected to occur as price goes for another retest.
Nota
Oil fell closer to 51.Any lower than 51 would be a sign to long (watch for reversal candle).
Nota
Price fell a little lower than 51.It is now sitting on 51, supported by a rising trendline.
Watch for your own set of reversal signal at this point if you feel that the price
will stay range-bound.
Nota
Some resistance is seen at 52.4.Either take partial profit or shift stop loss to minimize risk.
As of now, oil price is still looking at towards the upside.
Nota
A small retracement took place and price is back to 52.4 again.Seems that the side has been chosen for price to climb higher.
Nota
Another opportunity to buy the low as price came down back to 51.Look out for reversal signal in the smaller timeframe.
Dagangan ditutup secara manual
The oil price rebounded twice from the low around 51 which is exactly the kind ofmovement expected for this week.
As such, there will be no more trade consideration this week.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.