WTI Oil: Buy Signal from The Support Zone
The price reached the support zone formed by the uptrend line and SMAs. We got a reversal signal, which is confirmed by RSI and MACD histogram. It gives us a possible buy opportunity with stop orders below the local swing low. The market has room for the upward movement, and buy trades can be profitable.
The market should be added to a watchlist as it gives us the buy signal from the daily timeframe, and there will be more trade opportunities from the hourly charts.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
The market should be added to a watchlist as it gives us the buy signal from the daily timeframe, and there will be more trade opportunities from the hourly charts.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
💰COPY MY TRADES FOR FREE! Join 👉 bit.ly/41DKDBD
📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit
💎 Share My BEST Trades here 👉 bit.ly/wubits
📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit
💎 Share My BEST Trades here 👉 bit.ly/wubits
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.