WTI CRUDE OIL Trade it based on today's candle closing.

261
WTI Crude Oil is breaching at the moment the Rising Support of the last 3 months.
The (1d) candle closing will determine in our opinion the short term direction, as on this level the momentum is neutral, with a Falling Resistance above and numerous Support levels to target if broken.

Trading Plan:
1. Buy if the (1d) candle closes over the Rising Support.
2. Sell if it closes under it and breaches Support (1).

Targets:
1. 87.50 (Falling Resistance).
2. 79.00 (a little over the MA200 (1d)).

Tips:
1. The sentiment could be a little more favorable to selling at the moment as the MACD (1d) just made a rare shift, invalidating the bullish build up as it switched from a Bullish Cross immediately to a Bearish Cross.

Please like, follow and comment!!

Notes:
Past trading plan:

WTI CRUDE OIL Sharp correction to the MA50 (1d).

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.