WTI 8/9/2019 hourly
well we spiked a bit and we are above the hourly cloud which is a good thing if you work in the industry like I do. We are finding some resistance at the .5 fib around 54.65. The wicks touch there but the candles actually corrected to the .382 fib which is around 54.39. Oil is so much different than Bitcoin which is what I am used to charting. I have started developing more of an interest in the oil price lately as the line of work I am in is dependent upon oil prices. If oil is booming so am I. They recently cut our hours a bit here at work so I am trying to make sense of it by looking at the WTI chart. we seem to be in an uptrend for now but oil is going to be a bit volatile so long as this trade war keeps escalating. I guess I will have to start trading more to make up for the lost time at work. But like I always say... WTFDIK? We are trading at 54.05 US dollars.
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