POSSIBLE BREAKOUT OUT OF THE DOWNTREND
Oil has broken out of the downward trend. Both the 10 & 20 ema have crossed the 55 ema.
Stochastic shows it is being overbought on the daily, therefore expect a bounce back to touch the downward trend line, then back up.
Will face a major resistance level of approximately 81.25, should it break, Oil may reach the following major resistance line of approximately 91 to 92. Great Risk/Reward Ratio.
Keep an eye on the news.
TYPICAL DISCLAIMER:
Invest at your own risk; not financial advice.
Stochastic shows it is being overbought on the daily, therefore expect a bounce back to touch the downward trend line, then back up.
Will face a major resistance level of approximately 81.25, should it break, Oil may reach the following major resistance line of approximately 91 to 92. Great Risk/Reward Ratio.
Keep an eye on the news.
TYPICAL DISCLAIMER:
Invest at your own risk; not financial advice.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。