USOIL is quite choppy in the last half year.
This is 1000/usoil chart which is more clear than usoil to tell us what is going on. After the quick decline in the first half year of 2016, 1000/usoil is in a large triangle correction. The wave E is going on now.
We should see a rise for 1000/usoil to complete the wave E which means usoil might have a drop in following weeks.
Good luck for everyone!
This is 1000/usoil chart which is more clear than usoil to tell us what is going on. After the quick decline in the first half year of 2016, 1000/usoil is in a large triangle correction. The wave E is going on now.
We should see a rise for 1000/usoil to complete the wave E which means usoil might have a drop in following weeks.
Good luck for everyone!
Catatan
1000/usoil has chance of breaking down the neckline and starts the rapid decline without wave E. Buy the pull back of oil is more wise. Trade in long-term is more profitable.Catatan
Pay attention to the decline channel.
Catatan
Oil's move is quite confusion currently. If you are a long-term trader, I suggest waiting for the pull back to go long. If you are a swing trader or short term trader, I see a quick pull back in short term.Good luck!
Catatan
It is going to break out of the wedge.Catatan
It is in a wave (C) down. It should contain five waves. Target is around 48.8, if it can break out of the wedge.Catatan
Really choppy oil. Pay attention to the support line and resistance.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.