Get started
VladimirRibakov

Oil Short Term Forecast

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
VladimirRibakov  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Multiple Time Frame Analysis Trend Lines Oil SELL Bearish Patterns forecast bearishdivergence Support and Resistance Trend Line Break
23
2
trendanalysis mtfa trendline oil sell bearish forecast bearishdivergence supportandresistance trendlinebreak
H4 - Price has created triple wave to the upside. Bearish divergence.

Until the key resistance zone shown in the chart holds my short term view remains bearish here.

A valid breakout below the uptrend line shown in the chart would validate this short term bearish view.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.