FullTimeTrader

USOIL-IS RESPECTING THE TRENDBASE FIB EXTENSION LEVELS

Long
FX:USOIL   CFDs on Crude Oil (WTI)
4
Finally we can see clear signs of oil rebound.
When theres no historical levels of S/R to support our analisis the trendbase fib extension tool is very usefull, this case is classical.
Here the prices is respecting the
0.768
1.61
2.61 levels
The engulfing bullish candle is my confimation to go long.
Happy Trading.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.