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ThinkingAnts

"Top and Bottom Analysis" Us Oil (WTI) by ThinkingAnts

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
ThinkingAnts  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Support and Resistance Multiple Time Frame Analysis Crude Oil WTI WTI wticrude wtioil CL Crude Oil Futures WTI (CL1!) Crude Oil
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trendanalysis supportandresistance mtfa usoil wti wticrude wtioil cl cl1! crudeoil
4H CHART EXPLANATION

- Price is currently on an Ascending Channel.
- As in the daily/weekly vision, we observe that price is on a confluence level (Resistance Zone + Pullback).
- Bearish Divergence on MACD.
- If price breaks the Ascending Channel at 63.52, we expect a bearish movement towards 61.98 (Support Zone) and then to the Daily Ascending Trendline. We will be looking for sell setups on a lower timeframe.


Updates coming soon!


MULTI TIMEFRAME VISION:

- Weekly
snapshot

- Daily
snapshot
Disclaimer

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