WTI Crude Oil hit the Falling Support, the 3rd time making contact with and turns into a short term buy. Target 89.75 (Resistance A at 89.80).
The medium term pattern is a Channel Up so id the Falling Support fails, take the small loss and wait for the bottom of the Channel Up to breaks. Sell and target 79.00 (1week MA50).
A bearish reversal is quite probable at the moment since the 4hour MACD is on a strong Bearish Cross.
Follow us, like the idea and leave a comment below!!
The medium term pattern is a Channel Up so id the Falling Support fails, take the small loss and wait for the bottom of the Channel Up to breaks. Sell and target 79.00 (1week MA50).
A bearish reversal is quite probable at the moment since the 4hour MACD is on a strong Bearish Cross.
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon