Woerle

Oil approaching upper limit steadily

Long
FX:USOIL   CFDs on Crude Oil (WTI)
Oil is approaching the upper barrier of RENKO daily steadily and we might see the turning point around 24-25 $. Candles on a smaller time frame has to be watched as well as volume. Time wise, we could also come to a critical point, where the future is not worth to be held because of missing storage space.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.