Daily candle on the USOil shows a gold cross, depending on the data of inventories on USA that will be publish tomorrow and the fundamentals on OPEP production limits, we might brake the down turn. We have to pay attention to the Overbought signals on the RSI as well. #papertrade
After apple´s agreement with HTZ, the market have bought the tock and have increase 80% in 17 days. Even thought it seems enough, I am think we can reach the Daily 200MA after a gold cross between the 9MA and the 200 MA in a 4 hour TF.
Yesterday WTI closed above 200 MA on the daily candle and the reports for EIA about a possible deficit due to the OPEP cuts on the production with the first lower inventories in USA backed this view on the fundamental side.