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laughingchartist

WTI Oil / USOIL [1-3 days view]

CFDs on WTI Crude Oil (TVC:USOIL)  
laughingchartist Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Technical Indicators Oil Forex trading investing Commodities Technical Analysis charting thelaughingchartist wticrude
13
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trendanalysis chartpattern indicator oil forex trading investing commodities technicalanalysis charting thelaughingchartist wticrude
Sell on strength
Buy: 52.75
SL: 53.65

Price expected to pull back towards 61.8% retracement (entry) before breaking below ascending trendline support and then continuing the drop towards 50.55 level.

Price is below what I call the natural moving average and MACD seems to be turning downward, heading into bearish territory as well.

Cheers.
Trade active:
1st TP reached. I expect a further push down now towards my final TP
Trade closed: target reached:
As expected, final TP reached. (+4.11%)
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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