WTI USOIL 42$ and Possible 30$ Cheap Summer Oil

4 Agu 2015

For an attempt at trend reversal the 49$ area needs to be broken and then the 1 Day Ichimoku. So long as the 49$ area is not broken to the upside look for a possible drop to the 42$ area. If this is not held then we could see as low as 30$. If the 1 Day Tenkan-sen (green) clearly broken then the 49$ area would likely be touched if it happens in the next 1-3 days. Short target of the 43-44$ area with the trailing stop loss based on the 1 Day Tenkan-sen is the trade.

Trade at your own risk, you could lose everything.

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