I highly recommend selling now, because the market is having a short position depending on the indicators.
CFDS ON CRUDE OIL (WTI) will be higher, therefore you will have to buy on 30 minutes as long as the candles don't break the trend line
After breaking a significant resistance, USOIL broke the neck line of "H and S" Pattern. We expect price to go further Higher.
Price is testing a significant level of resistance. I expect a strong bearish movement to the downside to create AB=CD Pattern. We wait for a confirmation on lower time-frames before taking a short position.
US/OIL: printed an inverted head & shoulders which could mean good news for our sell bias on USDCAD. CAD & Oil correlates. So with a strong pump on oil, expect sell off on USDCAD
Finanlly i found the best fibo retracement for oil .
With a doji and near the day of thanksgiving candle, oil remains in indecision. Investors expect the weekly crude inventories variation to define a trend. After the fall of previous weeks , the price had a slight technical rebound as it leaves the new level of USD42.50 as resistance . The trend and bearish sentiment has not changed, but the upside breakout of...