JamesInterstellarTrading

OIL OIL OIL where will you go?

NYMEX:CL1!   Light Crude Oil Futures
oil
122 2 4
oil
The price is testing EMA 89 which I consider this line as a medium period moving average in the day time frame. I speculate that the price will make a rebound back a little bit on next week, but I'd remain neutral though as RSI has not make a clear move yet in either up or down (Oversold or Overbought), but one interesting thing to point out about the RSI is the three times tested on the support I drew. It has not thrown itself over the line which we can infer that this is some significant point of the OIL             . Anyway, if the price do manage to throw itself over the support this could go all the way down to oversold zone.
Better take a look at weely chart, will help you see more clearly.
Reply
Doesn't look really good though :( lol
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out