WTI Oil (USOIL) got its 1D RSI oversold below 30.00 as the market made a new Low since December 09. The last two times the 1D RSI was that low was on the medium-term (Lower) Lows of December 09 and September 26. This is a strong buy signal as every time the Low was priced, it did so on a consecutive 1D Double Bottom candle, which just did today.
The Pivot Zone is the first level of Resistance, but since the Dec and Sep rebounds both hit the 1D MA50 on the way up, we will target that again, setting a medium-term target at 74.50.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
The Pivot Zone is the first level of Resistance, but since the Dec and Sep rebounds both hit the 1D MA50 on the way up, we will target that again, setting a medium-term target at 74.50.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
I'm leading Team TRADINGSHOT in WhiteBIT Trade Battle💰50k USDT rewards
Register before May 26👉 tradingshot.short.gy/WhiteBit
Join Team👉 tradingshot.short.gy/WhiteBitBattle
For Forex I use👉 tradingshot.short.gy/Tradenation
Register before May 26👉 tradingshot.short.gy/WhiteBit
Join Team👉 tradingshot.short.gy/WhiteBitBattle
For Forex I use👉 tradingshot.short.gy/Tradenation
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.
I'm leading Team TRADINGSHOT in WhiteBIT Trade Battle💰50k USDT rewards
Register before May 26👉 tradingshot.short.gy/WhiteBit
Join Team👉 tradingshot.short.gy/WhiteBitBattle
For Forex I use👉 tradingshot.short.gy/Tradenation
Register before May 26👉 tradingshot.short.gy/WhiteBit
Join Team👉 tradingshot.short.gy/WhiteBitBattle
For Forex I use👉 tradingshot.short.gy/Tradenation
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.