Crude is following an ARC and a channel

US WTI Crude (Spot) (XTIUSD) (FXOPEN:XTIUSD)

Updated

FXOPEN:XTIUSD US WTI Crude (Spot) (XTIUSD)

Crude is near the upper Arc so a possible testing level for it ,
it is also following an upward channel

Monthly MACD is positive , mid bollinger will act as a possible support

Weekly MACD is positive, 10 MA and 100 MA nearing a closeup, many time, price wait for some time after a closeup before further movement , both lines are parallel, we also had closeup of 20 MA and 50 MA which are also almost parallel and waiting for a split, so a decision point

Day MACD is negative with downward split

trying to give my pattern levels in the comment section

Comment:

Comment:

12M

Comment:

6M in day tf

Comment:

weekly closing

Comment:

next week

Comment:

day trend line in 5m tf

Comment:

closing this analysis, price got the rejection from the curve pattern level

Comment:

thanks for the support

Comment:

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.