Kumowizard

A pause and consolidation is possible around 41,75-42 resistance

FX:USOIL   Crude Oil (WTI)
216 0 10
As I said few days ago it is bearish . However I can immagine some pause and consolidation around 42. Maybe even some pull back later.

- Chikou Span hits past Kumo bottom, often it means a bearish resistance
- we also have a horizontal supp/res ard 41,75-42,00
- we have some positive divergnece in daily haDelta

Please remember, the resistance has to be treated as a possible resistance. It is not rock solid!
The market structure is bearish:
- Heikin-Ashi candles not yet show any bullish signal, Averages point down, Price below Kumo and Kijun, EWO increasing bearish
- 44 - 44,50 retracement could be sold again!

So if you are heavy short, you may lighten up a bit ard 42, but going long against this selloff is not recommended.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out