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Oil - WTI Technicals

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Lolek555

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WTI Oil

From weekly perspective the gap from corona was closed last week and the price rejected higher levels ending the week 80 cents above open. 

But near term perspective is still buying until it fails . Support at 39,83 should hold for further upside and targets i see could be 43.60. Nothing has changed on oil from last few weeks (technically)

#16 - July 25, 2020, 11:29:09 AM
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Lolek555

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US OIL - WIT

Daily and h4 formed a reversal pattern from 39.83 as near term support for buyers. Looking at weekly and monthly this ranges are tight and there should a breakout in some direction below 38.40 or above 42.35. for now it is very consolidated market with dip buying and top selling at mentioned levels. 
#17 - August 01, 2020, 05:10:51 PM
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Torroco

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CL Explanation of the daily timeframe: for yesterday the form was bullish engulfing, we will follow the buy today Explanation of the H4 timeframe: the reference price for today is at 39.xx and 38.xx and we will wait for a break high first, don't immediately open positions Explanation of the M15 timeframe: the m15 trendline area looks like the chart price is still rising and we will wait for a pullback
#18 - October 06, 2020, 03:11:45 AM
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Torroco

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CL Explanation of the daily timeframe: the form of this candle pair yesterday was a bullish doji so today remains focused on buying Explanation of the H4 timeframe: the mother candle for today is 40.xx and 39.xx don't forget to break the body first before opening the position Explanation of the M15 timeframe: the trendline looks like the direction is still up and we will focus on the correction
#19 - October 08, 2020, 04:47:03 AM
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