Oil (WTI) buy on 1 H - take profit at 54.30 $
market price reached buy area after correction movement in reference to double top formation from last Friday.
I expect many buyers coming into the market at drawn buy area because there are several supports
- RSI reached almost heavy over selled area which brings buyers into the market
- 100 and 200 day moving average lines are in this area
- Fibonacci golden ration retracement line at 53.15 $
- down trend line from October 7 which is now support / entry for buyers
I expect many buyers coming into the market at drawn buy area because there are several supports
- RSI reached almost heavy over selled area which brings buyers into the market
- 100 and 200 day moving average lines are in this area
- Fibonacci golden ration retracement line at 53.15 $
- down trend line from October 7 which is now support / entry for buyers
Order cancelled:
market price broke trough buy area
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
