USoil / Crude Oil is bullish - 16/09/2019 on wards
As per the chart it was nicely retest the trend line (which is in red line 1) and there is higher probability to go higher to the green area (as per the chart). If its go down there will be strong support line in 53 which is in green line and bounce back from 53 to on wards.
You can fix any TP as in green area SL as in Blue line or as per your requirement.
Note: This analysis is made on very recently tragedy in Saudi Arabia who is one of the largest oil provider to the world and because of this reason there will be some shortage in the market. i hope that there will be higher demand and low supply will be a reason to bullish.
This is my prediction and suggestion are most welcome.
Trade at your own risk and need your comments and like it if you are in.
This analysis valid from 16th Sep 2019 on wards
You can fix any TP as in green area SL as in Blue line or as per your requirement.
Note: This analysis is made on very recently tragedy in Saudi Arabia who is one of the largest oil provider to the world and because of this reason there will be some shortage in the market. i hope that there will be higher demand and low supply will be a reason to bullish.
This is my prediction and suggestion are most welcome.
Trade at your own risk and need your comments and like it if you are in.
This analysis valid from 16th Sep 2019 on wards