FbbSlick

FbbSlick

We have a break of structure to the up side followed by a return to a trendline with a false break. We also have bullish Divergence on the weekly chart! Get ready for the seasonal price change of OIL...

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We have a break of market structure on the 4hr chart and also confirmed divergence, check the RSI. We also have a break of structure on the weekly chart... This is top down analysis 👏

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If price breaks this Hourly trendline and daily resistance (green box) we could see a pullback and possibly reversal... Rsi is oversold on the 4hr chart and divergence on the daily.

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Bullish hammer, could be forming a morning star on the Daily chart.

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Price has broken Resistance on the daily chart and is now pulling back for a retracement. When price is exhausted we can see the Bullish trend potentially regain momentum.

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USOIL has retraced to the Fibonacci optimal trade zone on the daily chart, also price is nearing a long term bearish trend line on the daily chart. If price starts start to break lows mid week we can see price resume the downtrend. There is also 🐻 ish Divergence spotted on the daily chart. "You can never have to many confirmations". 💯 Remember price has to start...

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WTI will retrace to one of the Fib zones labeled on the 1 hour chart before continuing to push down.