Oil beginning a new rally?

TVC:UKOIL   CFDs on Brent Crude Oil
Oil             seems to be entering a new bull moment; technical reasons to claim that are:

- Green trendline (bound to feb 2016 low, not shown) being respected;
-Divergence on RSI and Stoch RSI , shown by white trendlines ;
-Divergence on MACDH, shown by white curve line;
- 61.8% of retracement from the most recent rally being respected twice;

As the last friday (09/24) was bearish , i would like to see some green candles before a long entry. A break of the green trendline would be a bearish sign, indicating the rally wont happen anytime soon;
Comment: Would be buying already; Im not trading oil directly though
Comment: Still respecting the green TL
Comment: opec news started the rally
Trade closed: target reached: Well, as i said, not trading this idea, but if i were, would close position here. This doesnt mean the rally wont keep going, in fact i believe it will, but would be safer close it here. I may add a continuation idea of this later.
Comment: closed here
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out