Technician

Watch This Level #OIL Monthly | #FOREX

FX:USOIL   CFDs on Crude Oil (WTI)
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28
The next major Monthly (Long term) support level to watch for the WTI Crude Oil .
Watch for a rebound near this area

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Technician

Comments

thanks, if it doesnt stop and reverse in this area, i think target will be 38.80
+1 Reply
this explains the upside despite fundamentals saying it should go lower. Similar trend with Brent but the brent's price has closed under the trend line.
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Any Idea what is wrong with the daily chart?? I used this chart just to compare with some of mine as when I switch to Daily, your trendline is well above the current price, however, on 1h, 2h, 4h, weekly, monthly, it is in the proper place, where it is now. Its very odd as the the lines match up perfectly on daily as well, I have no idea what is happening.
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Technician RobTaylorForex
Make sure ur using the right scaling, right click the right hand side price bar
Reply
I wonder what happens if it breaks.
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not bad......good job
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gonna be a rough chop for the next few weeks
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