Crude oil (WTI) is cheap everything is not fine.
USOIL has been in a tightening pattern since FEB 2019 and is now nearing the end of the triangle.
The momentum is on the downside and indicators or signaling that a big move is near.
I will wait for a breakout to occurs before giving an entry point, targets and stoploss. But keep an eyes on the action.
I'll keep my followers updated.
The momentum is on the downside and indicators or signaling that a big move is near.
I will wait for a breakout to occurs before giving an entry point, targets and stoploss. But keep an eyes on the action.
I'll keep my followers updated.
Note
The RSI has broke is uptrend line and is being rejected from the retest.
looking at the volumes right now, they are really at an ATH and I don't know why.
Trade closed manually
great opportunity to buy.
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