USOIL 7 Day Outlook
EIA report time people, 10:30am today, probably gonna see some big moves. investing.com/economic-calendar/eia-crude-oil-inventories-75
On the daily:
Snap Indicator - Short term bearish trend confirmed, long term still bullish
RSI - In bullish trending territory, neither overbought or oversold
ADX DI+/- - Suggests start of trend, still bullish here
Trendlines - CL failed at resistance in the long term bullish channel. Some consolidation or downside action is likely before reversing.
On the daily:
Snap Indicator - Short term bearish trend confirmed, long term still bullish
RSI - In bullish trending territory, neither overbought or oversold
ADX DI+/- - Suggests start of trend, still bullish here
Trendlines - CL failed at resistance in the long term bullish channel. Some consolidation or downside action is likely before reversing.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.