28 sept -crude short analysis

2017-09-29 18_49_28-USOIL_ 51.44 ▼−0.25% - Unnamed - TradingView
ENTERED AT BREAK OF LAST SUPPORT ZONE.. EXPECT TO REACH 0.382 RETRACEMENT.

IN THE LAST ARTICLE i forgot to mention the reason behind crude short..so basically it clearly broke last support zi\one quite aggressively.. hence the short.. also there is a 20,50 crossover on the hourly pattern which adds to the confirmation of bearish sentiment.2017-09-29 18_53_06-CRUDEOILM17OCTFUT - 3367

But the fundamentals are too good for this to go much lower .as i said in last article. .expect this to be a higher low formation.. and end up in the 0.236/.3862 retracement area somewhere are bounce back again. Lets see..

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