WTI Oil - near strong resistance - sell on 2H
-price is currently in sideways channel/trend
-resistance area from 57,50 $ up to 58 $
-support area from 55 $ up to 55 $
-open short if three candles doesn´t close above 58 $
-take profit and stop loss is drawn in the chart
Stochastic RSI is already heavy overbought but baselines crossed bullish and show one more up move before correction
Regular RSI is near heavy overbought and has little space to grow more
MACD baselines near bearish crossing
Another reason for this analysis is the reduction of oil stocks from Norway
www.ft.com/content/d...e9-b896-fe36ec32aece
good luck to all
-resistance area from 57,50 $ up to 58 $
-support area from 55 $ up to 55 $
-open short if three candles doesn´t close above 58 $
-take profit and stop loss is drawn in the chart
Stochastic RSI is already heavy overbought but baselines crossed bullish and show one more up move before correction
Regular RSI is near heavy overbought and has little space to grow more
MACD baselines near bearish crossing
Another reason for this analysis is the reduction of oil stocks from Norway
www.ft.com/content/d...e9-b896-fe36ec32aece
good luck to all
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
