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Theperfectionist

Long term view on USOIL - Bullish by a trade war alleviation

Long
West Texas Oil (OANDA:WTICOUSD)  
Theperfectionist Updated   
OANDA:WTICOUSD   West Texas Oil
Trend Analysis Harmonic Patterns Chart Patterns Energy Commodities Oil Crude Oil WTI dollar DXY buy Bullish Patterns
5
0
trendanalysis harmonicpatterns chartpattern energy oil usoil dollar dxy buy bullish
Reasons of going Long on USOIL:
- Weakening DXY due to trade war alleviation.
- Increasing production, exportations and reserves.
- Increasing volume
- Strong support level with oversold and divergent RSI
Comment:
Slight decline close to institutional level.
Trade closed: stop reached

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