WTI Is Sending Bullish Signs
This is a long setup based on a divergence in the Positive Volume Index and the Negative Volume Index. We see that the PVI is showing a hidden bullish divergence while the negative volume is declining. We select the open POC of the downward movement at around 72.05 dollars as the price target for the long trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.