West Texas OilLong
Reaching towards strong support : Long
If you have seen my previous analysis on oil where we explained how multidays ascending channel may now act as strong support :
Price is moving lower towards retest of same and we expect price to bounce from support as we are in good uptrend ,providing us buy opportunity in oil towards recent highs... break below channel line wud put uptrend in risk....
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Price is moving lower towards retest of same and we expect price to bounce from support as we are in good uptrend ,providing us buy opportunity in oil towards recent highs... break below channel line wud put uptrend in risk....
Please follow us for more ideas ..
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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.