Kumowizard

Supports & resistances

FX:USOIL   Crude Oil (WTI)
149 1 7
Weekly:
- Ichimoku setup is back to neutral. Price below spot Kumo, but above Tenkan and Kijun. Chikou Span back to hit bast candles. Forward Kumo shades Price ahead. Weak bullish Tenkan/Kijun cross.
- Heikin-Ahi is bullish
- EWO back to neutral.
- Lower support is 37,25 (Tenkan and Kijun). Upper resistance levels: 44,25 (forward Senkou B) and 48-48,50 (100WMA and spot Senkou A)

The weekly picture is neutral with bullish bias.

Daily:
- Ichimoku setup is bullish . Supports are: 40 and 37,50.
- Heikin-Ashi is bullish , but shows signals of losing momentum . Consolidation or pull back ahead.
- EWO gained strength. It is bullish .

Daily time frame has to be considered bullish until price holds above Kijun Sen.

The upside from here I feel a bit limited. In dips we may consider looking for buy signals.
IvanLabrie TOP
7 months ago
Agreed, I closed my longs at 44.
Looking to rebuy lower.
Reply
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