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Crude Oil WTI

Oil Under Pressure Amid Tariff Tensions and OPEC+ UncertaintyMacro: - Oil prices stabilised after hitting multi-month lows as the market weighed potential output increases in Apr and escalating tariff tensions among Canada, Mexico, China, and the EU. - Meanwhile, the halted US military aid to the Eastern Europe conflict, and OPEC+ production decisions continue to pressure oil. Technical: - USOIL remains in a downtrend, consistently making lower lows while trading below both EMAs, signalling persistent bearish momentum. However, the price is nearing the oversold zone, supported by multiple key levels. - If USOIL continues declining, it may retest 66.90 and 65.80, aligning with the 78.6% Fibonacci Extension. - Conversely, holding above 66.90 could lead to a short-term sideways movement, with a potential retest at 70.20, confluence with EMA21, and the descending channel’s upper bound. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
FX:USOILSPOT
by DatTong
WTI Oil H1 | Strong overhead pressuresWTI oil (USOIL) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 68.46 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 69.40 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance. Take profit is at 66.82 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FX:USOILShort
by FXCM
Hellena | Oil (4H): SHORT to the area of 67,037 (Wave C).The price is still in a downtrend and I believe that before the price starts an upward movement it needs to complete a big “ABC” correction and a small five-wave formation. I think the price will reach the level of 67,037. This level is quite important, because in its area we need to look carefully for reversal patterns. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
14
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower as market volatility increased due to tariff concerns. Although the index dropped below the 240-day moving average, it formed a lower wick, indicating an attempt to establish a short-term bottom. On continuous futures, the 240-day MA is slightly below 20,000, meaning that the 20,100–20,000 zone is a key support area where a technical rebound is likely following the recent sharp decline. If the market falls into this zone, it could present a swing buying opportunity. Since the daily MACD and signal line are dropping steeply, a sideways consolidation period may be necessary to reduce their angle and separation before further directional movement. Given that the Nasdaq rebounded strongly after forming a lower wick yesterday, a pullback in pre-market trading could provide a buy-the-dip opportunity. Additionally, potential bullish catalysts include today’s ADP Non-Farm Employment data and Friday’s Non-Farm Payroll report. On the 240-minute chart, the index is forming a bullish divergence and attempting a golden cross, reinforcing the buy-the-dip strategy at current levels. Therefore, chasing shorts is not advisable, as the Nasdaq has entered a more attractive buying zone. A range-trading approach remains effective, with a preference for buying near support. Crude Oil Crude oil closed lower, finding support near previous demand zones. Despite the continued downtrend, the $66–67 range remains a strong support area, making it a potential rebound zone for technical buyers. However, on the daily chart, the MACD and signal line are sloping downward sharply, meaning that selling pressure could intensify further. Long positions should be initiated as close to the lower support zone as possible. On the 240-minute chart, the MACD has formed another bearish crossover, confirming strong selling momentum. However, when compared to the previous MACD level near $68.50, price has declined further, but the MACD has not dropped as low, suggesting a potential bullish divergence. Since this zone has historically acted as strong support, a buy-the-dip strategy remains preferable, but traders should remain cautious of today’s Crude Oil Inventory report, which could lead to increased volatility. Gold Gold closed higher, successfully rebounding from support. Yesterday, gold reached the previously projected target of 2,925, aligning with the 240-day moving average characteristics. If gold continues higher, the 2,940 level will act as resistance, as this is a previous supply zone on the daily chart. Therefore, further upside should be monitored carefully before making new decisions. Since the daily MACD and signal line remain widely separated, this is not an ideal condition for chasing long positions. Even if gold extends its rally, a pullback is likely, making buying dips a safer approach. On the 240-minute chart, the MACD formed a golden cross, leading to a sharp rally. As expected, price reached the 60-day MA following the 240-day MA bounce. However, while the MACD has moved above zero, the signal line is still below zero, meaning that another corrective phase could occur before further upside. Additionally, there is a possibility that gold could revisit the 2,850 support zone to form a double-bottom structure, making buying dips a better strategy than chasing breakouts. Overall, a range-trading strategy—buying low and selling high—remains effective, and today’s ADP Non-Farm Employment data could introduce market volatility. As market conditions shift, risk management remains crucial. Stay disciplined, adapt to volatility, and trade with confidence. Wishing you a successful trading day! 🚀 If you like my analysis, please follow me and give it a boost! For additional strategies for today, check out my profile. Thank you!
CME_MINI:NQ1!Long
by Futureguard
Crude Oil / WTI short cheap and good time to bounceVolatility on WTI has been very strong on past years but is narrowing. Especially in past months we can see a seemingly tightening volatility in prices. And we all know what that means right ?! Correct, a breakout will follow. The questions is only in which direction. A good risk ration is achievable since we are very close to a bounce level / support (green line) and far away from the next resistance (red line). Commodity markets tend to be mean reverting and whenever commodities are cheap it makes sense to but them. Boom and bust cycles. But this is rather a long term strategy. In any case, breakdown as below: Entry: Ideally we would average down the long position down to 67.28 and potentially below, in case price tests areas below. Exit: Ideally we would exit at TP slightly before 80 USD to avoid the resistance and the magical strength of full numbers. Something like 79.4 USD should work. If price moves against us close at SL or once daily candle break below the support and closes. In such case we could even consider a short position but with tight TP as fundamental dont point towards much lower prices. Conclusion: An easy trade can be entered with good risk reward ratio if executed correctly. Disclaimer: This is non financial advice let me know if any question.
TVC:USOILLong
by RobbybubbleX
1
Bullish rebound off pullback support?USO/USD is reacting off the support level which is a pullback support that aligns with the 161.8% Fibonacci extension and could rise from this level to our take profit. Entry: 67.16 Why we like it: There is a pullback support level that lines up with the 161.8% Fibonacci extension. Stop loss: 65.80 Why we like it: There is a pullback support level that lines up with the 100% Fibonacci projection. Take profit: 69.33 Why we like it: There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:USOUSDLong
by VantageMarkets
So far, so good... WTI oil price continues to please the bears. So far, the our stance is unchanged, we remain somewhat bearish on the price of MARKETSCOM:OIL in the near-term. That said, certain criteria still need to be met for us to get comfortable with further declines, especially from the technical side. Let's dig in! TVC:USOIL Let us know what you think in the comments below. Thank you. 74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
MARKETSCOM:OIL
by Marketscom
Crude Oil – A $10 Short with a Valuable LessonThe price hit the Upper Median Line Handle (U-MLH) three times and was rejected each time (red circles). These were all high-potential short trade opportunities. However, none of these short trades managed to reach the Profit Target Goal (PTG) at the Center Line (CL). When the price repeatedly fails to hit the CL, it often builds up momentum for a larger move. The last short opportunity from the U-MLH was at Circle #3. If you missed it, you have another chance now. Breaking the "shelf" (the petrol support line) is just like breaking a Median Line or a Center Line. It’s not magic—though it may sometimes seem like it. The three slanted petrol lines extending to the right function the same way as a fork. So, we just broke the (petrol) Center Line, right? Now, where is the price likely to go after breaking this (petrol) Center Line? That’s right! There is about an 80% probability that it will move towards the (petrol) Lower Median Line Parallel. What a coincidence—it aligns exactly with the red Center Line! Of course, this is all based on probabilities, not guarantees. We can't predict the future, but we can rely on rules, statistics, and knowledge. I hope you learned something today. If you enjoy my work, I’d appreciate it if you like and share it with others. Have a great day! 😊
NYMEX:CL1!Short
by Tr8dingN3rd
2
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed sharply lower, rejecting resistance at the lower boundary of its previous range and dropping to the 240-day moving average. Testing the 240-day MA was an expected technical move, and after facing resistance at the 120-day MA, the index retested the 20,300–20,500 zone. This price action has formed the head of a head-and-shoulders pattern, making it crucial to watch for potential rebound attempts. However, since both the MACD and signal line have moved below the zero line, the market remains in a confirmed downtrend, making selling into rallies the preferred strategy. As mentioned previously, if the Nasdaq finds support near the 240-day MA, a technical rebound toward the 60-day MA remains possible, as per moving average behavior. On the 240-minute chart, the index is holding support between 20,300–20,500 and still maintaining a golden cross. If the MACD avoids a bearish crossover with the signal line, the likelihood of a rebound increases, making buying near support a reasonable approach. However, the previous range low near 21,000–21,100 will likely act as strong resistance, making selling into rallies favorable. While no major economic reports are scheduled today, market volatility could increase due to comments from President Trump, so traders should maintain strict risk management. Crude Oil Crude oil closed lower following news that OPEC+ plans to increase production. On the daily chart, both the MACD and signal line are sloping downward, confirming a gradual downtrend. However, the $66–67 zone remains a strong support level, while the $70.50 level is the key resistance to watch. For now, trading within the range is the most effective strategy. If oil fails to stage a recovery this week, the weekly chart could confirm a sell signal, reinforcing further downside risk. On the 240-minute chart, the MACD has formed another bearish crossover, suggesting that selling pressure is continuing. Instead of chasing shorts, traders should wait for a pullback to support near $66–67 and consider buying on dips. Given that market flows remain mixed, oil is likely to trade sideways, making range-bound trading the most effective approach for now. Gold Gold closed higher, finding support near previous highs. On the daily chart, the index rebounded to the 5-day moving average, and since both the MACD and signal line remain above zero, buying pressure remains intact. However, given the wide gap between the MACD and the signal line, even if gold continues higher, it may face another pullback, making chasing long positions risky. On the weekly chart, the bullish trend remains intact, but since gold is now approaching the 5-week moving average, breaking above resistance may take time. On the 240-minute chart, a strong rebound emerged from the previous resistance zone, which aligns with the 240-day MA. The MACD has also formed a golden cross, meaning that if the uptrend continues, price targets could extend toward the 60-period MA on the 240-minute chart, potentially reaching the 2,925 area. However, since this initial move is a single-bottom formation, the market could attempt to form a double-bottom before continuing higher, making buying at lower levels more favorable. Gold could also enter a consolidation phase ahead of Friday’s Non-Farm Payroll (NFP) report, so traders should anticipate range-bound price action. Risk management remains key, and I sincerely hope that March brings strong trading opportunities for all of you. Wishing you a successful trading day! If you like my analysis, please follow me and give it a boost! For additional strategies for today, check out my profile. Thank you!
CME_MINI:NQ1!Long
by Futureguard
USOIL Buyers In Panic! SELL! My dear followers, This is my opinion on the USOIL next move: The asset is approaching an important pivot point 69.92 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 69.38 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
TVC:USOILShort
by AnabelSignals
1
USOIL Short Idea - 4H ChartWTI Crude Oil (USOIL) is currently facing strong resistance at the 70.50 - 71.00 supply zone, aligning with the 200 EMA rejection and previous structural resistance. The price has failed to break above this level and is showing signs of bearish momentum. Trade Setup: 🔹 Entry: Look for bearish confirmation near the 70.50 - 71.00 supply zone. 🔹 Stop Loss: Above 71.20, beyond recent highs to avoid stop hunts. 🔹 Target: The next major support zone near 66.00 - 66.50, a key demand area. The trend remains bearish below the 200 EMA, and the recent pullback into resistance presents a potential continuation of the downtrend. If price holds below the resistance zone, expect a further decline towards lower support levels. 📉 Watch for: Bearish rejections, engulfing candles, or lower timeframe confirmations before entering a short position. 🔔 Stay patient and follow risk management! 🚀
TVC:USOILShort
by SanchoAT
Market Analysis: Oil Price Eyes RecoveryMarket Analysis: Oil Price Eyes Recovery Crude oil price is recovering and it could climb further higher toward the $71.80 resistance. Important Takeaways for Oil Price Analysis Today - Crude oil prices are moving higher above the $68.90 resistance zone. - There is a connecting bullish trend line forming with support at $69.50 on the hourly chart of XTI/USD at FXOpen. Oil Price Technical Analysis On the hourly chart of WTI Crude Oil at FXOpen, the price started a decent increase against the US Dollar. The price gained bullish momentum after it broke the $68.90 resistance. The bulls pushed the price above the 50-hour simple moving average and the RSI climbed toward 65. There was a clear move above the 50% Fib retracement level of the downward move from the $71.12 swing high to the $68.24 low. Immediate resistance is near the $70.45 level. It is close to the 76.4% Fib retracement level of the downward move from the $71.12 swing high to the $68.24 low. If the price climbs further higher, it could face resistance near $71.10. The next major resistance is near the $71.80 level. Any more gains might send the price toward the $72.50 level. Conversely, the price might correct gains and test the $69.50 support. There is also a connecting bullish trend line forming with support at $69.50 and the 50-hour simple moving average. The next major support on the WTI crude oil chart is near the $68.90 level. If there is a downside break, the price might decline toward $68.25. Any more losses may perhaps open the doors for a move toward the $66.50 support zone. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
1
Crude Oil Technical Outlook: Range Breakdown & Next Targets🔹Key Observations: 1. Range Formation & Breakout: - The price was consolidating within a range (highlighted in the pink box). - A range breakout trading setup is identified. - The price has broken below the range support, signaling potential downside momentum. 2. Breakout Confirmation: - The price has moved below a key support area (marked in blue). - The breakdown indicates a potential continuation of the downtrend. 3. Downside Targets: - 1st Target: $68.00 (first green line). - 2nd Target: $67.05 (second green line). - If the price sustains below the breakout level, these targets could be reached. 4. Volume Analysis: - The volume bar at the bottom suggests increased selling pressure. - The breakout occurred with notable volume, which confirms bearish sentiment. ▪️Technical Outlook: - Bearish Bias: The chart suggests a bearish move with downside targets aligned at $68.00 and $67.05. - Watch for Retest: If the price pulls back toward the breakout zone, it may confirm the breakdown before further decline. - Invalidation Level: A strong recovery back above the blue support zone could invalidate the bearish setup. 😊Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
TVC:USOILShort
by SOAM_PRO_TRADER
Monthly, Weekly and Monday analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed higher, finding support at the lower Bollinger Band on the weekly chart. Due to the sharp decline last week, the 20,500 to 20,300 range was a technical rebound zone. On the monthly chart, February closed with a bearish candle, bringing the index below the 5-day moving average and forming a range with the 10-day MA. For March, the 3-day and 5-day moving averages will act as resistance, while the 10-day MA serves as support. Since the monthly MACD is still above the signal line, even if corrections occur this month, rebound potential remains, meaning traders should be cautious about chasing shorts aggressively. On the weekly chart, the Nasdaq fell below the 20-week MA, accelerating the sell-off. The MACD continues to slope downward, keeping further downside potential open, but since the signal line is still above zero, the index may consolidate between the 3-week and 5-week moving averages, making a range-bound strategy effective this week. On the daily chart, both MACD and the signal line have dropped below zero, confirming a bearish market structure. The 21,000 level was broken decisively with a large bearish candle, meaning that if price struggles to reclaim this level, further downside toward the 240-day moving average is possible. If the Nasdaq falls to the 240-day MA, traders should prepare for a potential technical bounce, as historically, this level has provided support. Reviewing moving average dynamics could be helpful for understanding this scenario. On the 240-minute chart, Friday’s low produced a strong rebound, making the MACD's potential golden cross a key signal to watch. As long as the recent lows hold, buying opportunities may exist, but since the signal line remains far above zero, selling pressure may persist on any rallies. Traders should avoid chasing long positions and focus on range trading. This week, traders should keep an eye on China’s National People's Congress (NPC) on Tuesday and the U.S. Employment Report on Friday, as both events could increase market volatility later in the week. Crude Oil Crude oil closed lower within a narrow range, continuing its sideways movement. On the monthly chart, February closed with a bearish candle, causing the MACD to turn downward while still maintaining a range-bound structure. Although the MACD and signal line remain above zero, buyers are still attempting to hold support within this range. For now, oil should be traded as a large range-bound market. On the weekly chart, last week’s doji candle suggests indecision, and this week, the MACD has crossed below the signal line, triggering a sell signal. However, since a weekly close is needed to confirm this, the possibility of a trend reversal remains open. If oil continues lower this week, the sell signal will be fully confirmed, but if price rebounds, last week’s doji candle could mark a reversal point. Key bullish catalysts include Trump’s potential tariffs on Canada and Mexico, as well as the possibility of stricter oil sanctions on Venezuela. Meanwhile, bearish factors include economic slowdown fears reducing oil demand. On the daily chart, breaking above $70 remains the key bullish trigger, but since the MACD has yet to form a golden cross, confirming an end to the downtrend is premature. On the 240-minute chart, the MACD has formed a golden cross, indicating a potential recovery after a pullback. For now, traders should buy dips cautiously, but breaking above $70 remains the key factor for further upside confirmation. Gold Gold closed sharply lower, forming a large bearish candle. On the daily chart, gold has fallen from previous highs to the lower Bollinger Band, meaning that additional downside (overshooting below support) remains possible. On the monthly chart, gold formed a doji candle, indicating uncertainty. If gold found support at the 3-day MA last month, this month, traders should watch for support at the 5-day MA, as it could provide a buying opportunity on pullbacks. On the weekly chart, gold has fallen to the 5-week MA, meaning that it has entered a range-bound structure. Since the lower support levels are still open, traders should avoid chasing long positions at highs and focus on buying lower. The U.S. Employment Report is due on Friday, which could increase volatility for gold. On the daily chart, while the MACD is declining, the signal line remains well above zero, meaning that even if prices fall, rebound attempts are likely. On the 240-minute chart, further downside toward the 240-day moving average remains possible, but traders should watch for bottoming signals and potential support. If the MACD forms a golden cross, a strong rebound could follow, so monitoring short-term momentum shifts will be key. February marked a transition to a range-bound market after an extended uptrend, suggesting that March could be a period of consolidation or further downside extension. Geopolitical risks have increased since Trump took office, and market volatility is rising due to key global events. Traders should focus on risk management and avoid overexposure. Wishing you a successful start to March! 🚀 If you like detailed this analysis and today's strategy, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Weekly Market Forecast Mar 3-7: Stock Indices, Gold, Oil, moreThis is a FUTURES market outlook for the week of Mar 3-7th. In this video, we will analyze the following futures markets: ES | S&P 500 NQ | NASDAQ 100 YM | Dow Jones 30 GC | Gold SIL | Silver PL | Platinum HG | Copper The indices took a bearish turn at the end of last week. Trump announcements, tariffs, Ukraine and Russia injected uncertainty into the markets, and investors moved money into safe havens. Patience is required to trade in this environment. Wait until there are clear signs of shifts in the market before deciding on a bias. Setup confirmations are always the best course of action. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME_MINI:ES1!
by RT_Money
4
WTI Crude The Week Ahead 03rd March ’25 The WTI Crude (US Light Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 7150, 20 DMA level. An oversold rally from the current levels and a bearish rejection from the 7150 level could target the downside support at 6964 followed by 6850 and 6830 levels over the longer timeframe. Alternatively, a confirmed breakout above 7150 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 7258 resistance followed by 7320 (50 DMA) levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:WTI
by TradeNation