Get started
CFDs on Crude Oil (WTI)
Short

Fading Short Follow Up

By Zoen_Trieste
Updated
There was another wash of sellers after finding support at the previous day's hlc3 value. Sellers are still unable to close the entire 1H bar below 20EMA. On the other hand, the big bull breakout bars might turn into a climax buying if bulls fail to follow through here. Waiting for the US session to show the lead.
Note
Oil is about to close another Friday at high of the week. Looking forward to shorting the pops from beginning of next week.
Note
1H 20EMA @ 5720
HLC3 @ 5700
Coming down from 90º now snapshot
Note
USOIL 1H Follow Up snapshot Buyers found around the pivotal structure's angle. Further downside expected at this point.
GanngannanglesoilforecastoilpriceoiltradingPivot PointsSupport and Resistance
Zoen_Trieste

Related publications

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.