Long

USOIL WTI Crude bullish divergence in H1

Updated

USOIL WTI Crude bullish divergence in H1

possible targets 36.70 and 37.70 if trendline holds backtest

Note

Nice move towards T1 at 36.70 on surprise decline in API crude oil inventories.
Looks like once 0.23 fib support is taken out, we are heading for T2 at 37.70 (0.38 fib).

Note

Crude has reached T1 and is now dancing on the 0.23 FIb line, building further momentum for another advance.
Key fundamental data for today is the EIA Crude Oil Stocks change figure at 16:30 CET.
Cheers

Note

37.70 T2 reached.
good boy ;)

SinatraFX

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