WTI is in an upward trend and looks to follow to the upside of the channel to around $83. Although the RSI is looking to be reaching oversold, the inverted Head and Shoulders looks to push the price up. A resistance at the 100 EMA on the daily is sure to give a slight downwards push before confirming the uptrend.
Entrance on confirmation on the RSI divergence and SMII cross and uptrend below 0 on the hourly time-frame will optimize direction.
Happy Trading and be sure to like, comment and share this post!
This is TA is meant only for educational purposes and is in no way advice to buy or sell.
Entrance on confirmation on the RSI divergence and SMII cross and uptrend below 0 on the hourly time-frame will optimize direction.
Happy Trading and be sure to like, comment and share this post!
This is TA is meant only for educational purposes and is in no way advice to buy or sell.