USOil daily outlook (my view)
Since Oil bottomed (26$) we rallied up to nearly 42$ without any significant pullback (no lower lows). When u check my chart you will see the following:
D1 Levels:
Fibo .382 @ 35.80 (Retracement since last rally)
50EMA @ 36.09
(imho strong) Resistance @ 36.00
we are still way above the lower trendline (pink) so we are still in an uptrend
Indicators:
RSI Oversold
TSI reading -29 (most bottoms at around -50)
MACD may cross
So my Setup will be:
Long @ about 36.30
S/L around 35.30
Targets @ around 44 (Target1) to 48 (Target 2)
D1 Levels:
Fibo .382 @ 35.80 (Retracement since last rally)
50EMA @ 36.09
(imho strong) Resistance @ 36.00
we are still way above the lower trendline (pink) so we are still in an uptrend
Indicators:
RSI Oversold
TSI reading -29 (most bottoms at around -50)
MACD may cross
So my Setup will be:
Long @ about 36.30
S/L around 35.30
Targets @ around 44 (Target1) to 48 (Target 2)
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.