Sunday, 21 August 2022
22:30 PM (WIB)
I want to analyze Crude Oil right now to make sure the situation is in the market for tomorrow. The price of Crude Oil start to fall deep when it reached $121,18. And the price starts to stop when it hit $85.70. And it is exactly at the lowest support lines of this ascending channel. It looks simple, but the truth is unpredictable.
Now Crude Oil is at the Resistance following the descending inside channel. And the MA50 also MA200 above the price with the structure direction to move down, and will be forming A Dead Cross?
The MACD lines show the market is very tight and created the flat lines below 0 MACD. And the Stochastic lines near the ground were oversold (11.07). So when the price falls back to support lines, I want to try to open an order with Resistance at MA200.
22:30 PM (WIB)
I want to analyze Crude Oil right now to make sure the situation is in the market for tomorrow. The price of Crude Oil start to fall deep when it reached $121,18. And the price starts to stop when it hit $85.70. And it is exactly at the lowest support lines of this ascending channel. It looks simple, but the truth is unpredictable.
Now Crude Oil is at the Resistance following the descending inside channel. And the MA50 also MA200 above the price with the structure direction to move down, and will be forming A Dead Cross?
The MACD lines show the market is very tight and created the flat lines below 0 MACD. And the Stochastic lines near the ground were oversold (11.07). So when the price falls back to support lines, I want to try to open an order with Resistance at MA200.