Kumowizard
Short

Bias is still more bearish. 44 is an important key level

FX:USOIL   CFDs on Crude Oil (WTI)
219 0 15
Weekly:
- Ichimoku is still neutral. Price is just sitting on the 100wma and spot Kumo top.
This makes 44 - 44,50 extremely important, as in case mkt can not hold that support, next stop will be around 40.
- Heikin-Ashi is bearish biased
- MACD crossed down
- EWO             is still bullish

I can still immagine a long term scenario, that mkt drops back into weekly Kumo and retests weekly Kijun Sen (red line - 26 weeks avg             ) in coming weeks. However as forward Kumo suggests really long ter bullish outcome, market would have a chance to build a major Invesre Head & Shoulders pattern, with right shoulder ard             39-41. I've had this idea for long time now, let's see if it plays out.

Daily:
- Ichimoku is neutral, but with an increasing bearish bias! Price, Tenkan, Kijun are all in Kumo. But Price is below all averages and Forward Kumo is bearish (Senkou A is below Senkou B).
If price breaks 44, Bears will take all control. Bulls don't really have much hope until price is below 48. 48 is top of Daily Kumo, and also the weekl Tenkan Sen.

So strategic levels are:
More bearish below 44-44,50 -> tgt             40
Neutral between 44,50 - 47,30
Bullish above 47,30-48
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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