first of all I rarely trade USOIL, forex, gold etc Few days ago, one of my friend ask about how I look USOIL, I feel these market is much more easier than crypto, so maybe I will post some of them
anw at that time, I replied to my friend as below:
So anw USOIL is now subwave of wave 5 It retraced 0.705fib so, now it will go down to below $67,03
Interesting analysis. The daily momentum is upward as is the 1 hr momentum. Also daily MA is currently bullish as is 1 hr. So I think sideways for a while before turning down. In the next few days, it may even go back up again.
With Trump & Syria having a war of words, this one has been hard to forecast as I've been calling a bear trend for ages which is a lot gentler than I anticipated.
I am kind of pure TA (which means I don`t know about the FA or other global issue hehe)
I see very bullish moment also. we are not getting support by 50 ema, but getting rejected by 200 ema and cloud
So, I think it is somewhat decent spot to short cuz we can get out quickly and easily if it break up the resistance
Undertable
⋅
@Undertable, omg mistyped - we are "now" getting support by 50ema
With Trump & Syria having a war of words, this one has been hard to forecast as I've been calling a bear trend for ages which is a lot gentler than I anticipated.