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ThinkingAntsOk

"Long Setup on UsOil (WTI)" in the Short Term by ThinkingAntsOk

Long
CFDs on WTI Crude Oil (TVC:USOIL)  
ThinkingAntsOk  
TVC:USOIL   CFDs on WTI Crude Oil
Support and Resistance Trend Lines Multiple Time Frame Analysis Crude Oil WTI Oil WTI Commodities
7
1
supportandresistance trendline mtfa usoil oil wti commodities
1H Chart Explanation:

- Price is currently on a Descending Channel.
- Bullish Divergence on MACD.
- Potential to bounce from the Bottom of the Channel towards the Confluence Level (Resistance Zone + Top of the Channel) at 54,45.

However, we still short in the Middle / Long Term. You can check our Top and Bottom Analysis on the Related Ideas.

Updates coming soon!

Related Ideas

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"Short Setup" Short Term View on UsOil (WTI) by ThinkingAntsOk
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"Top and Bottom Analysis" UsOil (WTI) by ThinkingAntsOk
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