If I'm right (a big IF) USOIL may rally significantly in the coming weeks. Between 77-76 is the buy area. Under 76 and things could get ugly quickly, but the mid time frame rsi is telling me that is probably not going to happen. I'm looking for support in this area and a move up to 90 in the coming weeks.
Good luck!
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daily 50 and 100 ma's very close to the buy area as well.
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stab through the wedge, not sure if that's the end
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signs of life
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weekly 18ma also here, should act as support - it was resistance on the way down.
Thank you for your update . The problem here is bears 🐻 made 3 black crew . Bulls need to save their life tomorrow otherwise this heading to 74= 0.5fib
the_sunship
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@noohhh1994, I like the 18ma weekly here at 77, note it was resistance all the way down - we're over it and testing it today.
noohhh1994
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Should we take a buy here . Tomorrow it might be a violent bullish
the_sunship
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@noohhh1994, i just like the setup, doesn't mean it's going to work