Viking83
Long

Oil is getting close to its daily cycle low

TVC:USOIL   WTI Crude Oil
59 0 4
See chart
Comment: Seems that 38.2 could not cope with the falling of the stock markets, the strong USD and the weak inventory reports. It is likely it will visit the 50 % level at about 45.3. But the bigger the fall, the bigger the next leg up.
Comment: It turned at day 10. The cycle corrected to about the 61.8 retracement - indicating a quite bearish stance due to bad reports, strong dollar and correction in the markets.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out