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Crude Oil (WTI) 4h (31.08.2014) Technical Analysis Training

FX:USOIL   CFDs on Crude Oil (WTI)
WTI
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wti
The WTI oil ( USOIL ) 4H Diagram Technical Analysis shows the following:

The USOIL price with the support of Kijun Sen & Tenkan Sen moved above the KUMO. The daily diagram has turn bullish .

MACD is forcing its bullishness and RSI is in overbought levels.

We have no special candlestick pattern. The price is above the KUMO and moves towards to EMA 200

There is no special pattern. The fib shows the 97.41 target that is the level of EMA 200 too.

Long for EMA 200 and reconsider there. Stop loss into the KUMO.
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