FUNTRADER-Vera

0207 USOIL Wkly Plan

Long
TVC:USOIL   CFDs on WTI Crude Oil
Hello traders,

USOIL might not follow us to test new low next week.


But at least we got part of that right, it made a support by reaching 104-105.

On weekly right chart, I would see a possible ABC "Z" pattern is ongoing. Price could reack wkly resistance zone agian.

On 6h left chart, ABC wave on this timeframe chart is ongoing. It could reack fibo 1.27 117.22 first .

So for next week, I would say a new swing up first, then think about how it will run before reaching wkly resistance zone. When it up there, think about how it will breakout after.

GOOD LUCK !!!
LESS IS MORE!

专注黄金和原油
直接扫码入群:
www.red-ring.cn/group/22462
Focusing on COMMODITY GOLD N OIL
//
Wechat微信:ziyuvera
Tele: t.me/VeraFuntrader
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.