USOil daily outlook (my view)
Since Oil bottomed (26$) we rallied up to nearly 42$ without any significant pullback (no lower lows). When u check my chart you will see the following:
D1 Levels:
Fibo .382 @ 35.80 (Retracement since last rally)
50EMA @ 36.09
(imho strong) Resistance @ 36.00
we are still way above the lower trendline (pink) so we are still in an uptrend
Indicators:
RSI Oversold
TSI reading -29 (most bottoms at around -50)
MACD may cross
So my Setup will be:
Long @ about 36.30
S/L around 35.30
Targets @ around 44 (Target1) to 48 (Target 2)
D1 Levels:
Fibo .382 @ 35.80 (Retracement since last rally)
50EMA @ 36.09
(imho strong) Resistance @ 36.00
we are still way above the lower trendline (pink) so we are still in an uptrend
Indicators:
RSI Oversold
TSI reading -29 (most bottoms at around -50)
MACD may cross
So my Setup will be:
Long @ about 36.30
S/L around 35.30
Targets @ around 44 (Target1) to 48 (Target 2)
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.