Yesterday the price action of WTI made a promising bullish setup.
First of all the bearish trend on the hourly chart, which started on October 28th, ended a few cents above the projected price range of $53,58.
Since then a strong opposite bullish price reaction has unfolded which broke many resistances.
Furthermore, the RSI broke out of a descending channel (negative reversal) and reached the 80 area, strengthening the bullish outlook of WTI.
Before getting long you should wait for a price pullback. This will give you the opportunity to calculate the price projections.
First of all the bearish trend on the hourly chart, which started on October 28th, ended a few cents above the projected price range of $53,58.
Since then a strong opposite bullish price reaction has unfolded which broke many resistances.
Furthermore, the RSI broke out of a descending channel (negative reversal) and reached the 80 area, strengthening the bullish outlook of WTI.
Before getting long you should wait for a price pullback. This will give you the opportunity to calculate the price projections.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.