OIL just moved into a major support zone where price is likely to react (it somehow did already). I would like to see more price action confirmation to be calling this a reversal. On the 4 hour chart price is still making lower lows and lower highs and a trendline is also still supporting this direction. A break of this trendline would signal a reversal for me backed by higher highs and higher lows. Let's see how the markets open on monday
Nota
Last week didn't provide a long entry so I didn't enter this market. On the Monetly chart we can see a trendline coming up, now around 58. Let's see if price slows down in the coming week and if we can find a confirmation on price action to get a nice Risk-Reward entry in OIL.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.