The reward is near, you've held for months, we're now about to approach a significant price in the USOIL were most oil traders will feel that the market will change direction at the resistance level $91.50. In the next two weeks we will have a retracement where we will see oil sell from $91 a barrel to $84 a barrel. Most scalpers take such opportunities to capitalize on profits. I recommend that you take some profits at the resistance of the rising wedge and open a buy limit at support ($72-$74).
Once we can confirm a clear bullish movement at $85 (strong resistant cluster on the daily and weekly time frames), we will take the opportunity and take profit from $100 - $115 a barrel.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Once we can confirm a clear bullish movement at $85 (strong resistant cluster on the daily and weekly time frames), we will take the opportunity and take profit from $100 - $115 a barrel.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
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