Crude Oil update | Not likely to short

CFDs di Minyak Mentah (WTI) (FX:USOIL)

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FX:USOIL CFDs di Minyak Mentah (WTI)

trendanalysis oil crude wti 4x

In order for WTIUSD to go bearish, it will have to break through it's current trend's support, as well as the 120EMA, AND the 50% Fib line.

I believe that Crude has a better chance of going bullish towards the upper trend line, perhaps just after reaching the trend support.

Komen:

Looks like we might be keeping above the Fib line.

Komen:

Broken the 61.8% Fib line and the trend support line. We're going down to the next major channel line. Expected to reach 69.60 region.

Komen:

3-year high reached. 72.00 in sight?

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