CFDs on Crude Oil (WTI)
Long

Oil will go higher

210
This drop in recent days looks more like a correction to the bullish momentum started two months ago.

It is not yet confirmed by me but the chart does show early signs of a longer term rise.

Take a closer look at the MACD. It is rising.

A rising MACD in a currently bearish scenario implies that the correction is coming to an end.

Take a closer look at the chart and MACD in the month of January. You will understand.

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