2608 USOIL Weekly Outlook
Updated
Hello traders,
USOIL seems making a big weekly W bottom.
Focusing back to last few weeks price action, Oil seems just making a fibo 382 correction and still standing on the EMAS.
It still looks bullish on this chart.
With the potential uptrend green channel on this chart, it would be very nice for buyers if oil finish correction and turn up again to reach the upper line of the channel.
Otherwise, it goes sideways to break the channel before rising WITHOUT MAKING ANY NEW LOW.
These are simple plans on weekly chart. What makes it hard is your patience for the signals to trade.
GOOD LUCK !!!
LESS IS MORE!
USOIL seems making a big weekly W bottom.
Focusing back to last few weeks price action, Oil seems just making a fibo 382 correction and still standing on the EMAS.
It still looks bullish on this chart.
With the potential uptrend green channel on this chart, it would be very nice for buyers if oil finish correction and turn up again to reach the upper line of the channel.
Otherwise, it goes sideways to break the channel before rising WITHOUT MAKING ANY NEW LOW.
These are simple plans on weekly chart. What makes it hard is your patience for the signals to trade.
GOOD LUCK !!!
LESS IS MORE!
Trade closed: target reached
Weekly resistance zone hit. And wait for more signals for breakout or correction.
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signalsofswingtrading.com
Wechat: ziyuvera
Tele: t.me/VeraFuntrader
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