Crude USOIL WTI H4 bullish divergence RSI SHORT Major resistance is 45.75 (0.23 fib of june 2015 highs decline). 40 will be the short-term target, needs a decisive break of that to go lower towards 38 or ultimately 35. twitter.com
VSTOXX (Stoxx50 volatility index) is currently flirting with 4 months low level. STOXX 50 already started by touching top line of Bollinger band (20 days, 2 std dev). Comparing with S&P 500 and VIX (SP500 volatility index), we would also see +/- the same thing. Just be ready next week. Expecting at least 3% correction on STOXX50 in one of the days next week, as...
USOIL bearish divergence on H1 but maybe another drive up first on the hopes of a solution in the Doha meeting, USOIL might take another drive up, signalised by the stochastics in oversold territory, then wake up to reality and turn back down, probably towards 38US$ region, where it will meet its strong uptrendline. I am not trading this idea yet. twitter.com