Pashabxl

WTI: Shy signal of the reversal but no confirmation

FX:USOIL   Crude Oil (WTI)
103 0 0
WTI shows some initial but rather shy signal that there may be a reversal. The Lagging span is oriented on the upside but it still has to cros the prices, Tenkan Kijun and the Kumo Cloud to confirm.
Yet Tehre is no Kijun-Tenkan twist, however it is about to happen.
Overall, on the long term, there is no Kumo Cloud Twist but if Tenkan Kijun twist and Lagging Span cross the prices, it will be an additional signal to wait.
On the macro economic side, US has some clear signal that its economy is being recovered. Europe is investing hard to reduce the effect of DEflation. ECB is planning a massive QE .
Therefore, although price were not as low as one could have expect, there is a room for an upside until 70 USD
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