Cyclentrade

Momentum against the Trend

OANDA:WTICOUSD   West Texas Oil
Every market move whether up or down has to start somewhere. Advances begin with momentum. Positive momentum (as represented by the green circles under price) can be a short-lived thing. The trend is still down in Oil but and momentum reversals are reasons to cover short positions and prepare to get long if/when the trend changes from down to up (when price closes moves above the red trend line ).

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