AhFarouk

USOIL (05/04/22) - Active Performance

TVC:USOIL   CFDs on WTI Crude Oil
1. Mom Chats shows low momentum at the moment. Bears are active with resistant from bulls to increase the momentum. Blue curve must break the zero line to decide buying.

2. On the main charts, buyer decision depends on candles pattern, breaking the VWAP (yellow) line, and any intersection between EMA lines in the uptrend direction of the low EMA. EMA50 is aiding a good support for prices while EMA20 and EMA200 are acting as resistant points.

3. For now, market activity is neutral between $101..7x as support and $105.1x as resistant.

4. Optimistic view for prices to stay over the $104.0x to confirm its up-trending.

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