YasmeenW_
Short

Oil Still Short !

FX:USOIL   CFDs on Crude Oil (WTI)
If you check my technical analysis from 2 weeks ago ( January 12 ) I had mentioned oil dropping near 56. My analysis has been correct with oil dropping to the 55 area. Next area will be 53 after it retraces to around 56 area again.

Comments

The 1W MA200 indicates that we may be on a Support level:

+1 Reply
YasmeenW_ InvestingScope
@InvestingScope yesss not going short for long , just currently .. I never use the MA200 indicator but it looks very accurate.

Thank you for commenting .
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I dont thonk so, first we go up when e bottom on 54/55 target then we go up to 61/63
+1 Reply
YasmeenW_ MartinSchnellmann
@MartinSchnellmann yes I just was checking over the charts again I can see it going up to 63 area
Reply
+1 Reply
vonnpow MartinSchnellmann
@MartinSchnellmann, I believe it may go even lower than 54
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Any views on it reaching 61 from the momentum of being oversold? I think it did this back in December ‘19.
+1 Reply
YasmeenW_ vonnpow
@vonnpow yes I think it’s gonna reach 61 or even 63 .
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YasmeenW_ vonnpow
Also I have a question , how do you know it’s oversold ? Do you have an indicator that helps you to know when it’s overbrought or oversold ?
Reply
@YasmeenW_, RSI, Stochastik and MACD and CCI
RSI is Ovewrsold and Stochastic
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