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InvestingScope

WTI Crude Oil: Sell opportunity on a Head and Shoulders.

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
InvestingScope  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Technical Indicators Oil wticrudeoil Crude Oil WTI Commodities Energy Commodities
25
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trendanalysis chartpattern indicator oil wticrudeoil usoil commodities energy
Oil is trading within the (wider) 24.00 - 20.75 neckline of the 1H Head and Shoulders with 1H neutral (RSI = 47.139, MACD = -0.480, ADX = 27.490). With 4H below the neutral line (RSI = 39.581) we are expecting the neckline to hold and provide at least one more sell opportunity. Our Target is 21.40.

Previous short term trade:

WTI Oil: Rising Wedge towards 24.40.


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