We have several confirmations for the sell off to Start: 1. RSI confirmation 2. Stochastic confirmation 3. Price action 4. Will probably touch the resistance line and retrace from there. Long target is around 40 Dollars.
CL has reached his level of over supply. The price action and the technical indicators tell us we have to short it immidiately. Entry:87 Sl:87.6 Price Target: 83
Price target on the graph. Made with price action and technical Analyse.
As we got our sell Signal in the beggining of January, our target price is mentioned on the graph This Analyse is based price-action and technical Tools. It's PUT TIME.
As my technical Analyse told me, we are heading to 1.8 dollar. Price action + divergence
Next level to watch is 530. Price action and divergence indicator.
We got sell Signal first target price on the graph.
Because of price action and RSI indicator we get price target of 2000. Load shorts.
We got a candle confirmation and RSI divergence at 87 dollar. Our first target is around 79 (fibo. Retracement level)
As we Trade above 20days ma - Bulls are back and we can see a nice rally till first Resistance - will be interesting to see if we break it and continue.
I mentioned the support Levels. SL around 1680. First target is around 1819. If we break the triangle we will continue to the next resistance level ~1950.
If we break the triangle we can see a up Trend. We stopped at the support line that I mentiond and it looks like we can continue the rally, I mentioned the resistance Levels as first exit points.
If we take a deep look at the one week chart we can see that we are on the uptrend with small stops on the way. I mentioned some sup/res levels. Trading at the tunnel. For the near term if we break 73.58 we will be in the next uptrend tunnel.