Kumowizard
Long

Oil update - bias is bullish again, big picture still neutral

FX:USOIL   Crude Oil (WTI)
274 0 8
Trade bias has become bullish again. Despite yesterday's lot worse Crude inventories data, finally price popped up.

- No visible change on weekly, Heikin Ashi is neutral within the possible wedge.

- Range boundaries are getting tighter:
top side is down to 47,45 as 100 WMA and Senkou B drifted lower. 47,45 (100 WMA and horizontal level). Next and most important level is still at 50 +/- (weekly Kijun Sen is here too)
lower supp/res is up to 44 (from 43) as Kijun Sen moved a bit higher.
- Heikin Ashi signal is bullish again as Price is ticking higher within the range.
- Please note the bullish Senkou Span cross 26 days ahead! That means calculated from spot price and time, the 17,5 days average (Senkou A = (Tenkan+Kijun)/2) is above the 52 days average (Senkou B). Kijun and Senkou B are at same level at 44.

Strategy: I hold 0,5 risk unit long. Actually it is still the same long I've opened as an intraday trade idea two days ago. I trailed my stop to zero.
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