Kumowizard
Long

WTI update - Bearish trendline penetration

FX:USOIL   Crude Oil (WTI)
607 2 7
- Simply looks more and more bullish , as Price penetrated today the major bearish trendline and 100 days WMA.
- Weekly Heikin Ashi setup looks bullish (still 3 days to go until close)
- However the trendline has to be broken with a close above, and also weekly Kijun at 50,15 and thick daily Kumo with 49,60 top may be some headwind for bulls.
- Bullish Senkou Span cross 26 days ahead is firm now.

Try to buy any dips. you can use 4H time frame to have a closer look on short term supports.

IMPORTANT NOTE: lower supp/res moved higher too, as minor bullish trendline and Kijun value increased. Now appr at 44,50 +/-!
Agreed.
Reply
AshYo
a year ago
is it not broken?
Reply
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