PIAFirst
Long

USOIL heading higher after candle reversal

TVC:USOIL   CFDs on WTI Crude Oil
A bullish gartley-type formation has been posted on USOIL             (although ideally the CD move would have been greater for an exact Gartley ). However, this pattern has been accompanied by daily candlestick reversals ( Bullish hammer , inverted hammer and Bullish outside bar). This ties in nicely with a MACD reversal expectation and the Commitment of Traders report showing a net long increase from hedge funds. So we expect a swing to the upside to target 48.00-49.00 area
Comment: Prices have reached our target area
Target adjusted to 47.50-49.00
Reply
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out