TradingView
TradingShot
Jun 28, 2021 7:58 PM

WTI OIL Channel Up rejection shows strong pull-back next Short

Crude Oil Futures (Aug 2021)NYMEX

Description

Pattern: Channel Up on 1D.

Signal: Sell as the price got rejected on the Higher Highs trend-line of the Channel Up. This will be confirmed once the 1D MACD makes a Bearish Cross.

Target: The 4H MA200 initially (red trend-line) and the 1D MA50 (blue trend-line) in extension where yuo can shift to a buy.





** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **

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

!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!

🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> fract

--------------------------------------------------------------------------------------------------------
Comments
VladimirRibakov
Nice analysis, here is my view on Oil:
More