WTI Crude Oil is breaching at the moment the Rising Support of the last 3 months.
The (1d) candle closing will determine in our opinion the short term direction, as on this level the momentum is neutral, with a Falling Resistance above and numerous Support levels to target if broken.
Trading Plan:
1. Buy if the (1d) candle closes over the Rising Support.
2. Sell if it closes under it and breaches Support (1).
Targets:
1. 87.50 (Falling Resistance).
2. 79.00 (a little over the MA200 (1d)).
Tips:
1. The sentiment could be a little more favorable to selling at the moment as the MACD (1d) just made a rare shift, invalidating the bullish build up as it switched from a Bullish Cross immediately to a Bearish Cross.
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Notes:
Past trading plan:
The (1d) candle closing will determine in our opinion the short term direction, as on this level the momentum is neutral, with a Falling Resistance above and numerous Support levels to target if broken.
Trading Plan:
1. Buy if the (1d) candle closes over the Rising Support.
2. Sell if it closes under it and breaches Support (1).
Targets:
1. 87.50 (Falling Resistance).
2. 79.00 (a little over the MA200 (1d)).
Tips:
1. The sentiment could be a little more favorable to selling at the moment as the MACD (1d) just made a rare shift, invalidating the bullish build up as it switched from a Bullish Cross immediately to a Bearish Cross.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.