USOIL is at 61.8% Retracement will shoot up to 32.90$

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CFDs på WTI råolja (TVC:USOIL)

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TVC:USOIL CFDs på WTI råolja

trendanalysis chartpattern usoil usoillong crudeoil mcx mcxcrudeoil mcxcrude

According to my view USOIL is at 61.8% Retracement (correction) in Daily candle closing basis. This is based on basic technical analysis with support and Resistance/Supply & demand using Fibonacci Retracement as an entry level and Fibonacci extension for target level. As per my view it will reach to 32.90$. As we know USOIL if spot price for crude oil futures in MCX so my suggestion is entry according to analysis through USOIL and targets also followed by it.

Buy @ 23.07$
Target 1 32.90$
Stoploss @ 21$ as per 1 day candle closing basis

#Happy Trading

Kommentera:

USOIL STOP LOSS HIT should exit from long. As per daily candle basis it closed below the retracement level. So can go for sell target is previous low 19.50$

Trade stängt: Stopp nått

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