Beerus
Short

POSSIBLE SHORT for oil

FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
The level you'd want to take a close look at is the 49.50 mark, short if you see a bearish signal.

If Price goes UP and breaks through the +/- 51.00 mark (key resistance), then the +/- 60 level should be next.
If price goes DOWN and breaks through the +/- 45.40 (key support), then it could go down to the 43's.

Reasons for short:

- RSI overbought.
- Latest high was step 5 in Elliott wave
- 0.618 fib level
- Demand for oil             isn't really meeting supply as oil             producers are trying to benefit from a rise in prices.


Very nice analyse my friend
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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