FX:USOIL   Crude Oil (WTI)
daily chart almost hit RSI30. Currently stands at 30.6 so we should not be too far off. However, we should be mindful that it could plunge through 30 intraday and close back. It is quite meaningless to look at anything beyond 15min chart now as no indicator is good from hourly onward. Any possibility of rebound is resting on the smaller time frame to hold onto whatever small support there is. The recent drop and spike has also given a support and resistance .

snapshot
Smiley8080
4 months ago
Sp are you long or short?
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dericksim
4 months ago
I am long for the moment. It takes at least 4 rounds of 15min MACD going above and below zero in order to propagate into hourly chart. This thing still has a long way to go. As hourly chart is still pretty bad, I will seek to close off my long once target hits.
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