Looked bullish again. But there comes the problem with momentum.
Daily:
- Ichimoku and trend setup is bullish
- EWO however has been decreasing a bit
- Heikin-Ashi gives mixed signals, candles have small bodies, it can't make a higher high -> noise, indecision, consolidation
- Trend support is at 42.
4H:
- Ichimoku is neutral
- Heikin-Ashi made a quick reversal from 45,65. Candles still have lower highs, haDelta/SMA3 down after making a double top.
- EWO is just swinging around zero.
All together, it is not trend traders' market. It is for range traders or daytraders.
For me Oil is something not to touch, or maximum playing small intraday games.
Daily:
- Ichimoku and trend setup is bullish
- EWO however has been decreasing a bit
- Heikin-Ashi gives mixed signals, candles have small bodies, it can't make a higher high -> noise, indecision, consolidation
- Trend support is at 42.
4H:
- Ichimoku is neutral
- Heikin-Ashi made a quick reversal from 45,65. Candles still have lower highs, haDelta/SMA3 down after making a double top.
- EWO is just swinging around zero.
All together, it is not trend traders' market. It is for range traders or daytraders.
For me Oil is something not to touch, or maximum playing small intraday games.
