US Oil: Watch for the resistance zone at 49.2~50.1

ที่อัปเดต:
USOIL topped at 51.67 at June 9th.
Oil mid-term top detected

Then it retraced to 45.83 after one week correction.
Targets for USOIL correction

It formed a bullish engulfing pattern last Friday. I will watch carefully the resistance zone at 49.2~50.1 this week. If it breaks this zone, it means the bull is back again and oil will head for higher. Otherwise it will continue the correction to TP2 (see chart above).

No confirmation, no trading!
Good luck for everyone!
บันทึกช่วยจำ
It seems that oil was rejected back from the resistance zone. I will watch carefully and prepare to short again.
บันทึกช่วยจำ
It will form a bat pattern very likely.
สแนปชอต
บันทึกช่วยจำ
Oil is choppy too much. It is better to wait until the direction is clear.
บันทึกช่วยจำ
Watch out the rising channel support. Pay attention to whether oil will break it.
บันทึกช่วยจำ
Nice down! Break out of the rising channel. Pay attention to the TP1 zone!
analysisElliott WaveParallel ChannelstructureCrude Oil WTI

การนำเสนอที่เกี่ยวข้อง

คำจำกัดสิทธิ์ความรับผิดชอบ