TheBanker
Short

Comex Trading Tips and Market Analysis - OIL SHORT!! H&S?!

FX:USOIL   Crude Oil (WTI)
Overview :

US oil             surges 6.2%, closes at $31.48 a barrel after a group of oil-importing countries said energy stockpiles will grow at a slower pace on monday.

On Technical charts, Very Short term trend of crude is bullish , it has given upside breakout from downward sloping trend. Now market is making higher top and higher bottom formation on chart. Market is likely to be further bullish , it has retrace its recent significant upward movement and still sustaining above the downward sloping trend line . It has been taking support of 50 DMA & 200 DMA on one hourly chart. Resistance is seen at high of $34.80, while support is seen at $31.25. On intra day basis Crude oil             price likely to trade with positive biased.

RSI entered in negative now and trading at 47.48.


http://www.tradingsignalreviews.com
Comment: Market has broken 33.60 which should now show more upside to 34 and 37.50 as an extension
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out