ChrisAbdey

Waiting for confirmation to go Long Oil

Long
FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
Oil is hugging the 200 day MA pretty well - The MACD still shows downward movement, however the stochastic is saying to get ready for a change perhaps and the RSI is showing signs of some exhaustion. I'd expect some more sideways movement in the range of 49.30 to 50.10 - but eventually I'm looking to go long again.


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