#CrudeOil #CLN2020 #4hr #Midterm
- Here is Crude oil 4hr. Today I will analyze in a bigger frame and let you guys know where we are.
- After making a new high at 38.18, it is right now being corrected. In a shorter frame, it is currently in a symmetrical triangle and we must moniter when iit gets broken.
- Also we must pay attention to the orange parallel channel. When it gets broken below, more correction can be expected.
- The major support area I am considering is 34.70~35.40 and 32.70~33.40. 34.70~35.40 is the bottom of the major channels so if this gets broken, it is going to be very bearish for a while.
- On the other hand, if the bottome of the channels succeed to support, the major resistance areas are 40.00~40.60, 41.80~42.40, and 44.30~44.70 .
- 4hr MACD has shown death cross and RSI has just escaped the overbought area so personally, I am expecting a correction for now and test the support of the bottom of the channels.
- Here is Crude oil 4hr. Today I will analyze in a bigger frame and let you guys know where we are.
- After making a new high at 38.18, it is right now being corrected. In a shorter frame, it is currently in a symmetrical triangle and we must moniter when iit gets broken.
- Also we must pay attention to the orange parallel channel. When it gets broken below, more correction can be expected.
- The major support area I am considering is 34.70~35.40 and 32.70~33.40. 34.70~35.40 is the bottom of the major channels so if this gets broken, it is going to be very bearish for a while.
- On the other hand, if the bottome of the channels succeed to support, the major resistance areas are 40.00~40.60, 41.80~42.40, and 44.30~44.70 .
- 4hr MACD has shown death cross and RSI has just escaped the overbought area so personally, I am expecting a correction for now and test the support of the bottom of the channels.
토미 유튜브: bit.ly/Tommy_TV
제 모든 인사이트, 분석, 관점은 t.me/tommy_trading 에 가장 먼저 올라갑니다!
제 모든 인사이트, 분석, 관점은 t.me/tommy_trading 에 가장 먼저 올라갑니다!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
토미 유튜브: bit.ly/Tommy_TV
제 모든 인사이트, 분석, 관점은 t.me/tommy_trading 에 가장 먼저 올라갑니다!
제 모든 인사이트, 분석, 관점은 t.me/tommy_trading 에 가장 먼저 올라갑니다!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.