Crude Oil Watch for a Buy Signal

FX:USOIL   CFDs on Crude Oil (WTI)
533 4 13
Price in crude oil             has broken a key level and has retraced to retest it. We should look for a buy setup in that level before we enter the market. I will personally keep an eye for a bullish advanced pattern .

I like this, thanks. Made some gains before yesterdays losses but back on the horse now, all the news points to oil going to 50 bucks a barrel this year
+1 Reply
Yes it broke trend line. But there are a few problem here. (1) Up move looks to me corrective wave form. (2) Huge hidden divergence in RSI. (3) Nice structure as resistance.
Fxprotrader bulent_akgul
If we don't have a bullish setup i won't enter the market. This is only my analysis to keep an eye at that zone. So these three factors you mentioned may push price down again and we will just avoid this trade. Thank you for your comment..!
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