chartwatchers

OIL - stealth crawling (Daily chart)

FX:USOIL   Crude Oil (WTI)
813 2 32
Oil             is doing exactly what I was waiting for.
It's crawling day after day with green candles. I want to prepare you that most probably on Monday we will have a testback to the 10 EMA on the daily chart . So we will have a red candle.
I know that we would like to see as price just running to moon. But that's not going to happen.
We need the support of the 10 EMA to rally above 50...

So most probably on Monday or as soon as we test the November high we will stop a little bit and come back to the 10 EMA .

(PLease see the 4hrs chart post also.)
Comment: ... and here is the red candle day.
We are very close to the 10 EMA. Tomorrow we will test
it back but I would like to see the close above the 10 EMA.
snapshot
if u take the 3 daily candles combined it would form an evening start .You know evening star s are reversal pattern
Reply
YEs but I don't combine them . The reveersal candlestick must be a reversal candlestick alone not 2 or 3 candles together.
Like in gold or in the miners we have reversal candlesticks.
And my other problem there is no level to turn down here.
the next level is 48.26. Here is nobody's land. we should test the 48.26 in this daily cycle there I will exit my oil positions.
I'm watching the 10 EMA.
+1 Reply
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