Get set to buy the Oil Price with support on Daily TF.
https://www.tradingview.com/x/HhIkPXpn/
We have 3 Daily candles adjacent to prior support. I like this zone. I thought Oil was going up a week ago but this i the golden moment coming into play, pull out MACD Zero Lag indicator and lets wait for Signal line have to receive an upwards and bullish cross by the Macd line.
Prefer price action, hey so do I, but my Macd is like a child I care about.
We have 3 Daily candles adjacent to prior support. I like this zone. I thought Oil was going up a week ago but this i the golden moment coming into play, pull out MACD Zero Lag indicator and lets wait for Signal line have to receive an upwards and bullish cross by the Macd line.
Prefer price action, hey so do I, but my Macd is like a child I care about.
Trade active
A buy signal now on 12HR TF
Buy around 74 to 74.50
Stop loss about a dollar underestimate buy price or at your comfort risk to reward.
Take profit 2 x the risk. So lets make 2 bucks and sell half.
Note
2 Signals differnt prices USOIL & USOUSDNote
This is the latest USO USD chart 12hr TF. If you prefer USOIL it is equally a bullish buy now and possibly more so than USO.
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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.