erikarter

Counter Trend and Trend opportunity on OIL

erikarter Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Counter Trend and Trend opportunity on OIL

- OIL approaching resistance the 61,8 FiB and Upper Trend Line
- RSI is over bought and we have a big RSI divergence

A pull back is expect back to 60.00 level (Confluence of 38,2 Fib and 61,8 Fib retracements)
Comment:
Bigger View

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.