Jnsane

OIL USOIL

Long
Jnsane Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Or we'll shift to renewable clean energies or OIL will have the run of it's life in coming months / years.
Comment:

Quite amazing how those Trump news were short lived pump and was actually all on charts, as still is...

We're so far apart from MA's that goods news will have to come very soon, or TA doesn't work 🤪

1Y chart have found it's bottom range and should hoover around before it gets going, even if remains on bottom range for rest of the year. This is 1Y OB on chart and there's nothing more powerful than it! If OIL goes below this OB and closes there, I'm buying fireworks and will start to chart all clean energy charts!!! 💚

1M not much different and indicators looking good for potential reversal soon.

1D has a massive bullish divergence and there's no way this isn't playing or at least not printing more divergence before it plays up.

We're so far apart from MA's on 1D that we will have to come above to meet them, that's what RSI oscillator divergence is saying a potential reversal toward MA that is simply giving us our minimum target, about 30% from current price.

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