WTI CRUDE OIL Waiting for the 4hour MA50 to break.
WTI Crude Oil / USOIL has turned sideways on the 4hour time frame, neutralizing the bearish trend of January.
Right now there is a clear Support and Resistance Zone, with the 4hour MA50 getting the last rejection.
If this breaks and closes a candle over it (4hour MA50), it will be a bullish signal like February 10th.
We are already on a MACD Bullish Cross which was the first bullish signal in early February.
So if Oil gives that MA50 break out, buy and target the bottom of Resistance A at 73.25.
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Right now there is a clear Support and Resistance Zone, with the 4hour MA50 getting the last rejection.
If this breaks and closes a candle over it (4hour MA50), it will be a bullish signal like February 10th.
We are already on a MACD Bullish Cross which was the first bullish signal in early February.
So if Oil gives that MA50 break out, buy and target the bottom of Resistance A at 73.25.
Follow us, like the idea and leave a comment below!!
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TELEGRAM: t.me/thecryptagon
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.