USOIL - Upside looking promising......
Price has rejected the 4 hour 50ema, intra day support at 55.15 and the counter trend line with a huge bullish engulfing - can we expect a push to the upside from here?
A break above the previous high will confirm long positions. As a result we will naturally see some CAD strength.
If price fails to break above the descending trend line and previous high - then we are still BEARISH.
IG: thetraveltrader
A break above the previous high will confirm long positions. As a result we will naturally see some CAD strength.
If price fails to break above the descending trend line and previous high - then we are still BEARISH.
IG: thetraveltrader
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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.