WTI Oil (USOIL) Closed last week above the 1D MA50 (red trend-line) for the first time since July, which technically puts an end to the October - December 2023 downtrend but perhaps that's not the strongest bullish signal we've seen now. The asset completed on Friday a Golden Cross on the 4H time-frame, the first such formation since July 10th 2023. That was at...
Trading Setup: A Trading Signal is seen in the WTI Oil. Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 88.28 ⭕️SL@ 89.80 🔵TP1@ 83.33 🔵TP2@ 79.20 🔵TP3@ 71.90 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs,...
Powell will put a nail to oil prices during Jackson Hole speech.