A little bit of confusion? Not exactly

TVC:USOIL   CFDs on WTI Crude Oil
Hi guys !!!
In the last days we have had a lot of volatility on the USOIL market. A little bit of confusion? Not exactly. If we look at the daily chart , we can see that prices are moving between the red dynamic trendline (very important) and the EMA 7. If you still have open short positions, as long as prices remain below this line there are no problems . If you are still looking for an entry, I give you some advice: it would be prudent to open short only with a daily closure under EMA 7, which until now has contained the previous corrections. Above it, it is not advisable to open short positions for multiday operations. For now these are the levels to be monitored.

Have a nice day and stay tuned for updates


Thank you for your insights.Have a lovely day
+1 Reply
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