StopHunter
2022-08-05
$Light Crude Oil - main 2208(CLmain)$$Micro WTI Crude Oil - main 2207(MCLmain)$ Looking to break long term fibonacci zone - key area to watch out for 88 USD area - if it can hold = more bullish. Is though breaking out down through longer term 2.33 SD regression channels to the south. If goes properly bearish, longer term downside targets:

Currently Bearish. (See attached chart)

Targets & Risk Management....

Bearish Downsides: T1 78 T2 72 T3: 62 (possible 30% price gains)
Stops:  Bearish 93 area

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Comments

  • WebbBart
    2022-08-05
    WebbBart
    Well, I'd say it will continue to rise, maybe hard to reach 120 again but will rise.
    • StopHunter
      Any excuse for it to go up & I think you are right, it will! At moment though under a lot of pressure to come down.
  • WendyDelia
    2022-08-05
    WendyDelia
    Yes, I agree, lets see if the crude oil can hold this position
    • StopHunter
      Hi WendyDeli - its at a key price point to where it heads next!
  • jethro
    2022-08-07
    jethro
    thanks for sharing
  • Renzo Piano
    2022-08-09
    Renzo Piano

    [Spurting] 

  • WooSM
    2022-08-09
    WooSM
    Ok. I think will go up soon
  • Andie8392
    2022-08-09
    Andie8392
    good post.. thanks for sharing
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