Get started
Chris4XTrading

Crude Oil update | Not likely to short

CFDs on Crude Oil (WTI) (FX:USOIL)  
Chris4XTrading Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Oil crude WTI 4x
4
0
trendanalysis oil crude wti 4x
In order for WTIUSD to go bearish, it will have to break through it's current trend's support, as well as the 120EMA, AND the 50% Fib line.

I believe that Crude has a better chance of going bullish towards the upper trend line, perhaps just after reaching the trend support.
Comment:
Looks like we might be keeping above the Fib line.
snapshot
Comment:
Broken the 61.8% Fib line and the trend support line. We're going down to the next major channel line. Expected to reach 69.60 region.
Comment:
3-year high reached. 72.00 in sight?
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.