Get started
thelegend2310

$UWT

Long
Light Crude Oil Futures (NYMEX:CL1!)  
thelegend2310 Updated   
NYMEX:CL1!   Light Crude Oil Futures
Chart Patterns Technical Indicators UWT Oil futures Double Bottom
4
1
chartpattern indicator uwt oil futures doublebottom
$UWT looking like a double bottom for the crude oil futures. Hoping to see a big bounce next week.

Double bottom: A decrease of 10-20% from the top to the bottom and the second bottom occurs within 3-4% from the first bottom. RSI is also low and MACD looks to be trending up.
Trade closed: target reached
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.