chartwatchers
Long

OIL - A healthy pullback

FX:USOIL   Crude Oil (WTI)
872 0 27
Before anybody would start to jump out of the oil             position today
I would warn everybody that it's just a pullback. We are testing back the 100 EMA today.
Even testing back the breakout of the double bottom (34-34.30) would be also normal, I don't think that will happen though.

Check on the chart 04.21.2015. - I think we are somewhere there today.
2015 April             we just sliced through the 100 EMA , and we tested back but price was around the 100 EMA for a week and couldn't break below that. It was just waiting for the 10 EMA to catch up the price.

If you are not a position it's a good possibility to enter. I would keep some capital for the testback of the breakout at 34.20 because it's possible (30-35%) we will tag that price.
If you are already in a position it's a good place to add...
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