Long Setup on Oil. Only if today it goes above 59.30 and does not breaks and close below the previous low on hourly timeframe.
Oversold on daily timeframe.
Selling off for few days in a row. there will be a pull back.
RSI divergence on hourly charts.
Trend Line support on daily.
Fib support at 61.8 on daily.
If it makes lower lows on hourly then dont enter this trade. Will re-evaluate if this does not setup.
Oversold on daily timeframe.
Selling off for few days in a row. there will be a pull back.
RSI divergence on hourly charts.
Trend Line support on daily.
Fib support at 61.8 on daily.
If it makes lower lows on hourly then dont enter this trade. Will re-evaluate if this does not setup.