EvanJones
Short

Rising wedge indicates breakout to the lower side

FX:USOIL   Crude Oil (WTI)
174 0 3
Oil             recently published a stockpile of over 10Mil barrels in the past week adding to the current supply glut.

Interestingly, despite price increasing for the oversupplied black gold             a rising wedge has formed and would indicate a break to the lower lows is on. I also have divergence on the RSI giving me confluence that price is about to retrace.

I'm placing sell stops below the 33.4 mark with a target of 29 or potentially the 26 mark. I believe this may be oils last leg down before bottoming out.

For more information please visit my website to sign up to it's release at: http://www.ejfxtrading.com
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out