__SpecialFX__

Trendline Still Holds Downside

FX:USOIL   Crude Oil (WTI)
822 1 14
There have been talks of a bottom in oil             as of late, This chart shows that we have still not able to take out a down trendline that dates back to Nov 2015.

While below, this line the bias remains Bearish .


We are approaching a 61.8% Fib as well as a retest of the down trendline , this is an area of interest for Oil             . A Bearish Candle here can provide a good trade setup.

If however we trade through the trendline , we can start looking for long positions.

Remain on the side lines for now until a clear signal presents itself.
1H Chart shows how critical this area is
snapshot
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out