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ErnieTrades_
Jan 15, 2023 4:10 PM

Potential SHORT/LONG on OIL IF... 

WTI CRUDE OILTVC

Description

Like my previous analysis, i am looking to see if OIL rejects or breaks the trend-line which is at the $80 level. Coincidentally, this is also where the 50EMA is at. I would want to see what it does at he 80-81.4 price. 80 price is at the trend-line and 81.4 is the previous resistance. If it breaks that level, we can see a nice push to 90s. If we see rejections, we can see retest support at he $70 level
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