Looks like a continuation of the bull channel

TVC:USOIL   CFDs on WTI Crude Oil
1. We expected a short term retrace but it seems the shale producers and the OPEC have finally decided not to work at cross purposes. SA focusing on sales outside of the US is definitely playing a big part allowing shale to grow volumes while maintaining prices without creating a glut in US market.

2. Crude seems to have limited itself to the upper half of the bullish channel indicating further strength.

3. Stoch RSI indicators indicate another possible bull trend which may even break the channel.

4. If crude breaks the lower half of the channel, we may still see the long awaited retrace.
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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