US Light Crude
Panjang

Oil - Expecting The Price To Bounce Higher Further

53
H1 - Price has created series of higher highs, higher lows structure

Strong bullish momentum

Higher highs based on the moving averages of the MACD indicator

Expecting retraces and further continuation higher until the two strong support zones hold.

If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀

--------------------------------------------------------------------------------------------------------------------

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

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.