Weekly close above descending slope line?

8 нояб. 2019 г.

As of now Oil is deciding if it is closing the week above the descending line, this means oil has to close up for the week.
Inflation has been rising lately, oil likes this very much, so my bias has shifted bullish recently for oil and other commodities.

1-Hourly Chart
Multiple rejections from the weekly open. Could be a nice entry point long.

8 нояб. 2019 г.

Сделка активна

Looks like we have a winner.

8 нояб. 2019 г.

Заметка

11 нояб. 2019 г.

Заметка

Still consolidating, could be another lower high.
If descending pitchfork breaks, i will enter long positions.

12 нояб. 2019 г.

Заметка

WTI has to make a move soon.