CrudeOil (USOIL) study

30 Kas 2018

CrudeOil has made a sharp fall and now we are seeing indications of consolidation and a possibility of a bounce can't be denied. Its safe to close all the short position at CMP (50+)

Above 56 conservative traders can take long position for a target towards 63-66.30 zone
Aggressive traders can take long position above 53.30

30 Kas 2018

Not

However the major trend is down and this bounce is to be seen as a pull back and NOT trend reversal.

The long term target for crude oil is $35-$26 (conservative targets. Expecting much lower levels)

This crude oil analysis is in line with my previous analysis posted on Sep 11

3 Ara 2018

Not

Gap up open and a solid bounce!
Aggressive traders can take long position above 53.30

3 Ara 2018

Not

Megaphone pattern breakout. WE can expect a good retracement.