Kumowizard
Long

Pull back is very shy so far,Bullish supports get stronger below

FX:USOIL   Crude Oil (WTI)
313 0 8
We see some pull back after the surprizingly strong rally from the 40 low.
Given the Ichimoku setup I don't believe we'll see a massive drop in WTI, so better to be prepared for a buy signal!

- Support zone at 44,85 - 45,85 is getting stronger
- We have a possible bullish Senkou cross (forward Kumo twist) 26 days ahead. Kijun Sen will soon catch up to 44,50+ too.
- Heikin-Ashi is mild swing bearish , but haOscillator is far from negative. We also have to watch haDelta/SMA3 as it may build a bottom around zero line.
- I can immagine a 45,75-46,00 test, not so far away from spot price, but there I think buyers will start to step in. We have to watch price action not just ard 45,80, or below, but continously!
- EWO is bullish . Market should really collapse to trun it back to bearish .

Keep your eyes open!

Bonus: The best contra indicator Dennis Gartman is bearish again!!! :-D :-D :-D


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