Hello traders,
USOIL looks really nice weekly chart for mid-term longing traders.
On weekly chart, it has finished a new bullish candle, and all last few week's candles are standing above EMAS. All bullish signals for OIL.
On daily chart, oil has made a bullish daily morning star las week. After that, it continues -rising up to test Fibo Ext1.27-1.414 position already.
So, for this week, any sign on 1h chart that the end of correction could be a signal to open buy again to follow weekly main uptrend.
Good luck!
LESS IS MORE!
USOIL looks really nice weekly chart for mid-term longing traders.
On weekly chart, it has finished a new bullish candle, and all last few week's candles are standing above EMAS. All bullish signals for OIL.
On daily chart, oil has made a bullish daily morning star las week. After that, it continues -rising up to test Fibo Ext1.27-1.414 position already.
So, for this week, any sign on 1h chart that the end of correction could be a signal to open buy again to follow weekly main uptrend.
Good luck!
LESS IS MORE!
Note
USOIL is facing a correction before making a new high.
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Join Free Telegram Group to get MORE trading skills: t.me/FuntraderVera
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.