USOIL MARKET BREAKDOWN
Simply does it;
USOIL followed our last breakdown perfectly and turned very bearish below $107.90.
We stated weeks before it happened and even called the reversal from the $121.00 to the current levels. Look back through our posts and you'll see that we have been calling for the $80-$90 for a while now and it's starting to come through. No one agreed with our ideas and stated we were wrong but it's funny to see everyone switch to our bias once it's too late. Follow us and detach from 99% who are wrong.
WTI has progressively gotten lower and this is due to economical factors which again have been mentioned numerous times. The top blue zone is a massively important bear zone and today we slammed through it. Any retracements and rejections at this level and I'll be stacking shorts. I see USOIL falling from the top blue zone all the way down to the bottom blue zone which I think will come through sooner rather than later.
WTI was in full swing bear mode from 2-3 weeks ago when we told you price would fall from $121 so expect the 99% to conform to the bear market conditions and start taking shorts (this is why I believe usoil will pullback to the top blue zone to create a false bullish break which again we will short).
USOIL will follow this bearish path for MID term now with whales selling off their barrels but be assured this is not the end of the usoil rally, the bottom from this bear market will form the higher low on the over long term trend to take us back into the $100 and to towards our target of $185.
I suspect the bottom will come in around $76 where I will be looking for swing longs BUT until then it's shorts.
I highly encourage you ALL to read our usoil posts as it will show you this was all mapped in advanced and will widen your understanding of this post.
SWING HIGH - 105.20 (return and close above will cancel this bearish run)
BEARISH BELOW - 97.40
TARGETS - 92.50 / 87.50 / 84.50 / 78.40 AND 76.00 - 75.00
Stay tuned as we will be posting trades this week for all.
USOIL followed our last breakdown perfectly and turned very bearish below $107.90.
We stated weeks before it happened and even called the reversal from the $121.00 to the current levels. Look back through our posts and you'll see that we have been calling for the $80-$90 for a while now and it's starting to come through. No one agreed with our ideas and stated we were wrong but it's funny to see everyone switch to our bias once it's too late. Follow us and detach from 99% who are wrong.
WTI has progressively gotten lower and this is due to economical factors which again have been mentioned numerous times. The top blue zone is a massively important bear zone and today we slammed through it. Any retracements and rejections at this level and I'll be stacking shorts. I see USOIL falling from the top blue zone all the way down to the bottom blue zone which I think will come through sooner rather than later.
WTI was in full swing bear mode from 2-3 weeks ago when we told you price would fall from $121 so expect the 99% to conform to the bear market conditions and start taking shorts (this is why I believe usoil will pullback to the top blue zone to create a false bullish break which again we will short).
USOIL will follow this bearish path for MID term now with whales selling off their barrels but be assured this is not the end of the usoil rally, the bottom from this bear market will form the higher low on the over long term trend to take us back into the $100 and to towards our target of $185.
I suspect the bottom will come in around $76 where I will be looking for swing longs BUT until then it's shorts.
I highly encourage you ALL to read our usoil posts as it will show you this was all mapped in advanced and will widen your understanding of this post.
SWING HIGH - 105.20 (return and close above will cancel this bearish run)
BEARISH BELOW - 97.40
TARGETS - 92.50 / 87.50 / 84.50 / 78.40 AND 76.00 - 75.00
Stay tuned as we will be posting trades this week for all.
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