There was another wash of sellers after finding support at the previous day's hlc3 value. Sellers are still unable to close the entire 1H bar below 20EMA. On the other hand, the big bull breakout bars might turn into a climax buying if bulls fail to follow through here. Waiting for the US session to show the lead.
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Oil is about to close another Friday at high of the week. Looking forward to shorting the pops from beginning of next week.
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1H 20EMA @ 5720
HLC3 @ 5700
Coming down from 90º now
HLC3 @ 5700
Coming down from 90º now
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USOIL 1H Follow Up
Buyers found around the pivotal structure's angle. Further downside expected at this point.
