WTI Crude Oil / USOIL is on a strong 1 week selling streak after the rejection on the 1day MA50.
With the MACD on a Sell Cross and the price long broken under the Rising Support, every similar past sequence hit at least Support A.
You can even sell on the current market price and target 64.50.
The long term trend remains heavily bearish inside almost a yearly Channel Down. Every contact with the 1day MA100 is a sell opportunity.
Previous chart:
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With the MACD on a Sell Cross and the price long broken under the Rising Support, every similar past sequence hit at least Support A.
You can even sell on the current market price and target 64.50.
The long term trend remains heavily bearish inside almost a yearly Channel Down. Every contact with the 1day MA100 is a sell opportunity.
Previous chart:
Follow us, like the idea and leave a comment below!!
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