ZarNegar
Short

Sell signal for Oil

FX:USOIL   Crude Oil (WTI)
1794 11 23
Bull trend line was broken for oil             .
From this moment we are waiting for the fall.
Soon. Oil             will fall to $ 54 and then $ 50.
Momentum indicators is also located in the area of sales. Can confirm the fall.
Yahia.Awes
2 years ago
Now it looks oversold, first retracement up and then diving.
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Yahia.Awes Yahia.Awes
2 years ago
I made up my mind lol...
Crude Oil, bullish scenario, what do you think?
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ZarNegar PRO Yahia.Awes
2 years ago
Yes, there is possibility of a retracement.
In this analysis I have just pointed out the main trends
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Yahia.Awes ZarNegar
2 years ago
Do you see the bullish signs on 4H-tf?
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ZarNegar PRO Yahia.Awes
2 years ago
Yes, I saw
But I think that the oil does not rise above 59.50.
And likely will fall.
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Yahia.Awes ZarNegar
2 years ago
We have a different opinion in this case I believe. May the right signal succeed!
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CoolCreekCTA
2 years ago
I think you are correct. I went long at 58 and covered at 58.75; now going short as 58.60 seems like a resistance point. i will double down at 59.38 if inventory report or other factors move it up.
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Yahia.Awes
2 years ago
Looks bullish doesn't it?
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SkyWalker PRO Yahia.Awes
2 years ago
eventually to 65 when out of this corridor
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No_more_Post
2 years ago
Bull signal .
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aibek
2 years ago
Hi Zar, your arc showed the right direction but oil made a right shift and only then followed your trend.
It's interesting how did you build your trendline which was broken, is it an angle? because only one touchpoint is on the chart which is not classic trend building where 2-3 touchpoints are needed.
And where do you see it further?
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