WTI - Daily - Make up your mind.

TVC:USOIL   CFDs on WTI Crude Oil
It seems that we had a false break out on the WTI. Now, some would argue that it wasn't forming a triangle formation in the first place. Maybe they are right, but everyone tries to interpretate in their way.

But let's say, this was a potential triangle and we had a false break out. We're back in that area again. Now, if we will see some buying action happening, then I will be aiming for a test of around $49 level.
After that, it depends. Further squeeze is possible.
But if the SMA inside the Bollinger Band (the middle line) will prove to be a good resistance, then further declines to lower levels would be possible. Then I would be aiming for around $45 level.

As always, keep an eye on the price action!
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Get Help Ideas Published Followers Following Private Messages Chat Sign Out