WTI Bullish Divergence

FX:USOIL   CFDs on Crude Oil (WTI)
The daily chart gives the bullish signal. The price bounces from SMA100 and we should be ready to see the further upward movement. The 4H time frame gives bullish signal too. The bullish divergence tells us about a trend reversal. The short trades from the previous sell signal must be closed with profit. Now it's time for buying. Entry level is 60.20 with stop orders at 57.80 level. The resistance levels are 63.00 and 66.00 resistance levels.
Trade closed: target reached
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I think it has found a temporary support at 60.29 , good spot to buy if the trend goes up i would say.
crikz crikz
@crikz, Fake alarm , sorry
As usual! Short and clear! Thanks, Dnitriy! You make us happy =)
+1 Reply
DLavrov TOP CheaperthanBr
@CheaperthanBr, thank you )
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