Viking83

Oil: Potential fake reversal

TVC:USOIL   CFDs on WTI Crude Oil
249 views
9
249 2
Just an idea/scenario, not being traded
Comment: If it goes to 43 and then reverses, we can of course all ask ourselves the question; why didnt price just go there in the first place instead of this stupid way around? Rational markets,I assume :D Lol.
A great idea. I think so. Current trends are falling. Oil to rise should return to the strong support at 42. Thank you
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I'm watching that too... I just loaded up a 15 minute chart and put in the 100 and 200 averages. I think if it makes a move to the 200 and follows along underneath it like it did at the 100 MA it would indicate to me a bullish continuation otherwise a potential reversal is definitely possible
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