OIL WTI Analysis for the next weeks
Do you remember this idea I post last week?
tradingview.com/symbols/OIL_CRUDE/minds/?mind=3qCov49KQoOHtsDySG5l-g&exchange=CAPITALCOM
THIS ANALYSIS IS FOR NEXT WEEKS.
FUNDAMENTALS:
Price tends to peak in Sep/ Oct as winter is coming. This winter is expected to be really cold.
TECHNICALS:
-Price has tested twiced the 71.5 zone, forming a W pattern in a 4H chart.
-Yesterday retracement to 73.8 zone was a 0.618 fibonacci retracement, looking for some liquidity to continue its upward trend
- MACD (12.26) has crossed in the oversold zone and RSI is neutral in 1D chart. EXIT trade when RSI is overbought, not now.
I bought at 72 and sell at 75, now I bought at 74.9 and I will split my TP at 84 and 94. My SL is in 73. I will close the position if I see RSI 1D in overbought area.
tradingview.com/symbols/OIL_CRUDE/minds/?mind=3qCov49KQoOHtsDySG5l-g&exchange=CAPITALCOM
THIS ANALYSIS IS FOR NEXT WEEKS.
FUNDAMENTALS:
Price tends to peak in Sep/ Oct as winter is coming. This winter is expected to be really cold.
TECHNICALS:
-Price has tested twiced the 71.5 zone, forming a W pattern in a 4H chart.
-Yesterday retracement to 73.8 zone was a 0.618 fibonacci retracement, looking for some liquidity to continue its upward trend
- MACD (12.26) has crossed in the oversold zone and RSI is neutral in 1D chart. EXIT trade when RSI is overbought, not now.
I bought at 72 and sell at 75, now I bought at 74.9 and I will split my TP at 84 and 94. My SL is in 73. I will close the position if I see RSI 1D in overbought area.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.