WTI CRUDE OIL hit the MA50 (4h). Ready for a break out?
WTI Crude Oil is on the MA50 (4h) again after a week.
The Falling Resistance since the June 4th High is the critical level that will determine our trading plan.
Trading Plan:
1. Buy if the price crosses and closes a candle over the Falling Resistance.
2. Sell for as long as it remains under it.
Targets:
1. 74.00 (expected contact with the MA100 1d).
2. 67.00 (Support 1).
Tips:
1. The RSI (4h) rebounded after getting oversold under 30.00, same as with the May 3rd and May 31st lows. Both hit the Rising Resistance.
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Notes:
Past trading plan:
The Falling Resistance since the June 4th High is the critical level that will determine our trading plan.
Trading Plan:
1. Buy if the price crosses and closes a candle over the Falling Resistance.
2. Sell for as long as it remains under it.
Targets:
1. 74.00 (expected contact with the MA100 1d).
2. 67.00 (Support 1).
Tips:
1. The RSI (4h) rebounded after getting oversold under 30.00, same as with the May 3rd and May 31st lows. Both hit the Rising Resistance.
Please like, follow and comment!!
Notes:
Past trading plan:
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