US Oil: Trend line support and 200 HMA

FX:USOIL   CFDs on Crude Oil (WTI)
244 1 8
Major support- $46.80 ( trend line joining $37.59 and $45.83)

Major resistance - $48.50 (200 HMA )

US Oil             has slightly recovered till $48.40 after making a low of $46.69. It is currently trading around $47.58.

Short term trend is weak as long as resistance $48.50 holds. Any break below $47.50 will drag the pair down till $46.70/$45 in the short term.

On the higher side any break above $48.50 will take the commodity till $49.01 (21 day MA)/$49.45.

Overall bearish invalidation only above $51.65.

It is good to sell on rallies around $47.65-$47.75 with SL around $48.50 for the TP of $46.60/$45
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out