CFD na ropę WTILong
OIL is about to get some air
Price has been making downside but is losing momentum.
It is still currently moving within a channel.
It could still possibly touch the bottom of the channel however having lost momentum and the stoch over bought, I feel it will start making upside now.
There is a teacup pattern also identifiable however could make more upside to complete the pattern - regardless of where this teacup completes it still signals to buy.
Bullish confirmation candles on the hourly chart in addition to one whole candle closing in the blue.
There is a strong support line that crosses the channel so I for see it will move to around 59.00.
Watch to see if this support line is broken to continue buy, or it pushes the price back down and secure profits early.
It is still currently moving within a channel.
It could still possibly touch the bottom of the channel however having lost momentum and the stoch over bought, I feel it will start making upside now.
There is a teacup pattern also identifiable however could make more upside to complete the pattern - regardless of where this teacup completes it still signals to buy.
Bullish confirmation candles on the hourly chart in addition to one whole candle closing in the blue.
There is a strong support line that crosses the channel so I for see it will move to around 59.00.
Watch to see if this support line is broken to continue buy, or it pushes the price back down and secure profits early.
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