WTI OIL - trade the breakouts - how to make money
Dear followers,
the market price is in down movement since last Friday and has shown first stronger support at 52,70 $ area.
We can expect another test of this area before a real up movement could start because the market hasn´t seen any real buy confirmation since the start of correction up movement yesterday.
Market price is currently near 200 and 100 day moving average which are resistances on 1H and the Keltner channel started again to move down which implements further down movement as already described.
-MACD baselines going to cross bearish which brings sellers into the market
-The RSI baseline is near resistance trend line, expect market price down movement if the rsi baselines doesn´t jump above the down trend line
Don´t forget to like and share if you like the idea and feel free to leave a comment to share your opinion/idea.
the market price is in down movement since last Friday and has shown first stronger support at 52,70 $ area.
We can expect another test of this area before a real up movement could start because the market hasn´t seen any real buy confirmation since the start of correction up movement yesterday.
Market price is currently near 200 and 100 day moving average which are resistances on 1H and the Keltner channel started again to move down which implements further down movement as already described.
-MACD baselines going to cross bearish which brings sellers into the market
-The RSI baseline is near resistance trend line, expect market price down movement if the rsi baselines doesn´t jump above the down trend line
Don´t forget to like and share if you like the idea and feel free to leave a comment to share your opinion/idea.
Comment:
Market going to 54 $
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
