Get started
VladimirRibakov

Oil Forecast

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
VladimirRibakov Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Support and Resistance Oil SELL forecast Bearish Patterns psychologicalroundnumber bearishdivergence correction
17
4
trendanalysis supportandresistance oil sell forecast bearish psychologicalroundnumber bearishdivergence correction
D1 - Price has reached a strong resistance zone formed by the psychological level 45 and 200 moving averages. Bearish divergence.

Until the strong resistance zone holds we may expect corrections to happen here.

Comment:
The price moved lower exactly as I expected it to and provided an excellent move to the downside!
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.