DK_Investment

WTI Oil - near strong resistance - sell on 2H

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DK_Investment 已更新   
TVC:USOIL   WTI 原油差價合約
-price is currently in sideways channel/trend
-resistance area from 57,50 $ up to 58 $
-support area from 55 $ up to 55 $
-open short if three candles doesn´t close above 58 $
-take profit and stop loss is drawn in the chart

Stochastic RSI is already heavy overbought but baselines crossed bullish and show one more up move before correction
Regular RSI is near heavy overbought and has little space to grow more
MACD baselines near bearish crossing


Another reason for this analysis is the reduction of oil stocks from Norway
www.ft.com/content/d...e9-b896-fe36ec32aece

good luck to all
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