WTI Oil: Buy opportunity on the 4H Support.

FX:USOIL   CFDs on Crude Oil (WTI)
Oil has been trading on a 4H Descending Triangle ( RSI = 32.603, MACD = -0.400, Highs/Lows = -1.0093) with symmetrical Lower Highs (red arrows) and a clear 53.00 - 52.90 Support Zone . Since mid August every Golden Cross formation marked an upcoming Top (Lower High) while every Death Cross marked an upcoming Bottom (4H Support test).

The price just made contact with the 4H Support and technically is on the ideal buy level. Our TP is 55.10 (interim rejection point from last Support bounce) and under conditions 56.50 in extension (expected Lower High).

** If you like our free content follow our profile ( to get more daily ideas. **

Comments and likes are greatly appreciated.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (
WtiOil Spot Price 56.22 – Resistance Level 60.78 – Commencing week 08 September 2019 Present High 60.78 looks like and should providing the resistance level to the Oil Rate - Still waiting at Downtrend Phase for next targets lower which is at 70% percent bar low on the monthly chart cycle lower – For Next test at Support Level –

We look at 40.46 as near term support level before or towards an increase at a high price phase. So stay tuned in to this frequency regarding current market updates.

Yes wait and see is what matters mostly when trading the demonstrable denoted indexes. So time and timing the markets to perfection is an all important aspect towards trading or Exchanging Contracts towards providing for good Outcome and Results through the monthly chart market cycles.

A Analysis - my website is entered into as further knowledge can be gained here
WAOW...long indeed
Great push in sight to the trendline !
+1 Reply
InvestingScope Bullandbeartrading
@Bullandbeartrading, Yes it has already hit the 1st target and moving on to the 2nd one.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out