CFDs on WTI Crude Oil
Long

🛢️ USOIL No Lack of Strength for Growth 🛢️

464
🛢️ USOIL No Lack of Strength for Growth

🛢️ Nearest strong support zone: around fibo levels of 0.382 rising wave.

🛢️ Nearest strong resistance zone: around local peaks.

🛢️ Technical environment:

📊 Moving averages: Uptrend

📊 MACD: Uptrend

📊 RSI: Uptrend

🛢️ Price action: USOIL continues its path northward. The formations it is forming are very pro-growth, and it looks like it will have no problems with further growth during the current week. I expect the upward movement to continue and break through local price resistances.

📈 The scenario I am playing out is the continuation of the increases. I do not exclude changing the scenario in case of a sudden change in the market situation. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and carefully read the description.

🚀 If you appreciate my work and effort put into this post, I encourage you to leave a like and follow on my profile. 🚀

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.