AlexTrik

USOIL room to go down

TVC:USOIL   CFDs on WTI Crude Oil
USOIL             has reached a major resistance at $52 and given that all indicators show that USOIL             is currently overbought, I expect some downward movement to previous local maximum $50-49. The 200ema MACD though shows further possibility for upward movement, that's why I set my stance to neutral for the time being and stand by my previous analysis suggesting that oil             will go higher in the first 2 quarters of 2017.
Trade active: We are slowly crossing over the 10ema which should trigger some downside in the next days. Watch out for any pop during data days though.
Trade active: I will wait one more day and close the trade for a profit. I don't see enough momentum for me to feel 100% confident.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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