bullcharger

WTI Sliding SideWays

bullcharger Updated   
TVC:USOIL   CFDs on WTI Crude Oil
$38.79 is currently acting as both a resistance and support. For now WTI is moving sideways, good evidence of breaking the resistance or support will determine which way it will thrive. When it does happen it will be fast, so keep an eye out so you don't join the party too late.
Comment:
A solid candle above 39.13 can lead to a bull run, but keep in mind (39.89-40.26) is the next resistance.

A solid candle breaking below 38.30 can lead to a bear chase. Most likely heading to its local support (37.04-37.70).
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