anthony.pham00

What is OIL doing?

FX:USOIL   Crude Oil (WTI)
35 0 2
Just some thoughts.
Daily showing a potential bullish move up. Weekly still showing bearish momentum so any position should be treated with caution.
We could see a short term bullish move followed by a retracement. It would be interesting to see if price action will trade within a defined channel; (50.18 - 53.86).
At first I thought OIL             was about to make a big reversal until I spent a bit more time....It's also sitting jsut above a key ratio level so any dropped below current support could quickly take OIL             down to low 40's.

What does everyone else think? I'm in neutral right now.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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