FX:USOIL   Crude Oil (WTI)
242 1 4
We have just crossed a major support line on the 40 USD level that defined the end of the 2008 crisis and the beginning of a new bull market period. This could be well the beginning of a new era where oil             will have the 40 USD line as major resistance and we'll be back to a pre-2004 situation.
Another possibility is that we are actually re testing that support again, so it is an amazing time to long. I wouldn't bet on that until we cross above the 40 line and/or MACD crosses back the signal.

Related Ideas

purpurato59 PRO
8 months ago
I believe that 40 line became the new resistance, we will see it soon
Reply
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