Oil Potential Return To 37.76

Trend Analysis of Major Oil
USDX really reflected on the balance level 97.16 as had been predicted in the previous analysis. Now the price rise towards the weekly EMA area also potentially reflect the price. Prices are predicted to rise up to touch the weekly EMA and price rebound potential and experienced a bearish trend. USDX bearish trend is an indication of weakness in the USD which will certainly affect the oil prices in the opposite direction.
Oil is predicted to experience a bit of a bullish trend, at least to reach the level of 37.76 which was the lowest level this year. The opportunity to buy will appear at levels that are formed on the minor trend of oil.


Minor Trend Analysis Oil
Oil fell after touching a sell signal on the previous analysis. Now the price is predicted to experience a bullish trend as a result of the USD is expected to be slightly weaker today, for it is a sell on the previous analysis can be closed before the price reverses. Prices are predicted to rise up to the level of 37.76 after hitting a confirmation SD1 (37.24), which was the confirmation breaches 36.95 level balance. Buy open at that level and also at the level of 36.95 which is the limit balance of buyer-seller range between 36.38 and 37.53. Can buy on-hold strategy with the placement of the SL plus or take profit at the level of 37.76. Stop loss is in accordance with the target level of 36.38.
Recommendation to buy if the price touches the SD1 level (37.24) and the equilibrium level of 36.95, with a stop loss at 36.38 and take profit level at SL-hold strategy plus.