Regis18

Regis18

If this bounce from its current position. We might see and inverted Head and shoulder.

Regis18

Will this support hold? Or will it break and make a consolidation here and be back above it? Will see if it holds, if not this will lead to deeper 4H support line.

Regis18

Lets see if 50MA at 1hr chart will serve as a good support again. If broken this will give selling pressure. RSI is weakening, another indicator that say it will fall.

Regis18

A possible PBD. If price cannot break recent resistance and rsi could not reach another parabolic status at level 70. This will drive price of oil lower. Watch out the violet trendline.

Regis18

If breakout at the resistance we may see clear skies til the next resistance @ RSI level 70. 9ema will be a major support for this this. If broken, may signal a short downward trend to 50MA.

Regis18

A break on a major trandline in 4h might signal a reversal for short term as typhon affects production. Trendline in orange.