USOIL 2Hour EMA Channel

2022年1月26日

Looking at the 2 Hour 200 period EMA, it can be seen that it has formed a rising channel. In expectation of that, there are 2 possible outcomes, either the EMA will respect the current EMA pivot (in yellow) and price would become bearish or, PA would continue bullish and the EMA would create a new pivot (in blue).

The maximum divergences for PA from predicted EMAs creates potential short and long positions marked in purple.

Any thoughts?

2022年2月15日

注释

As seen above, USOIL has entered the purple war zone with minimum resistance being at 93.344 and maximum resistance at 99.247 (100.00 as a psychological level). After going into the warzone countless times over the past week (4 - 15 Feb 2022) it can be seen that bigger and bigger bearish candles are forming daily.

So far the blue predicted EMA is the most reasonable candidate for price movement.

Any thoughts?