USOIL Possible LONG Technical Analysis
Hi traders,
First off this is based off technicals only.
This is a buy opportunity I see forming based on multiple things, although I am still awaiting final confirmations.
First off based on the key support level oil has a pattern of bouncing back up. This caused initial interest and after the coral trend indicator on the 4 hour chart switched to a buy signal I ran rest of my system. Aroon Indicator tweaked to my settings next up confirmed bullish signal but still waiting for candle close to confirm that.
If the McGinley Dynamic switches to buy signal along with my Bull Bear Power Trend indicator I would enter a buy with things set as shown, but this is my choice and only should be taken as advice so do your own analysis.
First off this is based off technicals only.
This is a buy opportunity I see forming based on multiple things, although I am still awaiting final confirmations.
First off based on the key support level oil has a pattern of bouncing back up. This caused initial interest and after the coral trend indicator on the 4 hour chart switched to a buy signal I ran rest of my system. Aroon Indicator tweaked to my settings next up confirmed bullish signal but still waiting for candle close to confirm that.
If the McGinley Dynamic switches to buy signal along with my Bull Bear Power Trend indicator I would enter a buy with things set as shown, but this is my choice and only should be taken as advice so do your own analysis.
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