West Texas OilLong
Crude Oil Analysis
Crude Oil Analysis Week 18-22/2/2019
Long Bias
At Monthly Chart; a demand zone in control with a very strong monthly bullish engulfing
At weekly chart; Demand zone is formed with several ERC candles & 2 bullish engulfing, aggressive longs all the way to the weekly supply zone (74.040 - 78.314)
At Daily Chart; a new Daily Demand Zone has been formed after the price broke the opposing Supply Zone (53.520 - 55.911), Potential longs at the Daily Demand Zone ( 52.805 - 51.124)
Long Bias
At Monthly Chart; a demand zone in control with a very strong monthly bullish engulfing
At weekly chart; Demand zone is formed with several ERC candles & 2 bullish engulfing, aggressive longs all the way to the weekly supply zone (74.040 - 78.314)
At Daily Chart; a new Daily Demand Zone has been formed after the price broke the opposing Supply Zone (53.520 - 55.911), Potential longs at the Daily Demand Zone ( 52.805 - 51.124)
All the Best
M.K
M.K
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.
All the Best
M.K
M.K
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.