Bullish hammer weekly candle for oil WTI and it bounced off support (long-term trend line and area of confluence where past resistance is now support).
You can also see the selling is starting to taper off (lower volume) and the MacD indicator is showing signs of a potential reversal in trend as the selling pressure eases and buyers defend 85.
You can also see the selling is starting to taper off (lower volume) and the MacD indicator is showing signs of a potential reversal in trend as the selling pressure eases and buyers defend 85.