WTI Oil: Resuming Short-term Bullish Trend?

FX:USOIL   CFDs on Crude Oil (WTI)
756 3 13
Starting again with a WTI Crude Oil             trade, it looks interesting for me, i am aiming for a long position as i see potential for resuming the bullish trend following this bearish correction.
The bearish correctional is probably taking the shape of the falling broadening wedge which usually unfolds in a bullish way, meantime, the price was rejected strongly of the 50-percent Fibonacci retracement level, and RSI momentum is signalling a clear bullish divergence .

I will long near 102.10-102.15, with initial target at the descending resistance of the wedge .

Good Luck, haven't joined me yet? please do :

Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game ;
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
Target hit, too bad missed entry by few pips
I was looking at Heating Oil today and thinking along the same lines. Nice chart and strategy.
Yep, I read your post, interesting Hope this one will workout.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
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