pennyclaimer

Oil Trend Reversal Go Long

Long
TVC:USOIL   CFDs on WTI Crude Oil
We had a Lower Low today 114.59 and previous days low was around 116.6. But we expect prices to pull back to 118.2 as in 30 min Linear Regression Channel. If it breaks the 30 min Linear Regression Channel to 119 then we are in yesterdays high meaning it can be a trend reversal. Daily, 1H, 2H, 3H and 4H stochastic RSI has bottomed meaning a pullback should arrive soon. Price most probably not retest todays bottom of 114.59.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.