Buy/Sell Levels for OIL/USD easyMarkets CFD.
Buy Level #1 pullback to this zone 100.538 - 101.419
Possible Rejection 102.421 - 102.827
Buy Level #2 R/S Flip of 102.827 and holding of 50EMA (red line)
Possible Rejection 104.784
Zone of Major Support from 12130-12380 (Buy Zone)
Strong Bullish Divergence for the last 3 lows.
Stop losses below this zone keep safe from liquidity grabs inducing short-sellers at major support.
Strong Resistance 12780 (Alternatively if flipped should create strong support).
Further Resistance 13050
Resistance from 39450 and above. Keep in mind the 20EMA and 50EMA lurking under and above this resistance level which price can also reject off strongly.
Zone of Liquidity/Support 37630-38320 with Trend Line Support
+ Bullish Divergence on RSI
+ Lots of scattered support in this range which price can go to (So Smaller Trade Size and Wider Stop Loss)
