Hi traders, like and follow if you agree.
As we can see in this 3h timeframe chart, oil price is still rising in a continuous way from december: couple of weeks uptrend, couple of weeks lateralization with supports and resistances retestings.
A few days ago we received a good short signal from MACD indicators.
Price is likely to return towards the $56 level to than move sideways within a horizontal channel.
A drop below $56, or even $53,5 could confirm a reverse downtrend, otherwise we can expect new highs following the main positive trendline.
Good trading!
As we can see in this 3h timeframe chart, oil price is still rising in a continuous way from december: couple of weeks uptrend, couple of weeks lateralization with supports and resistances retestings.
A few days ago we received a good short signal from MACD indicators.
Price is likely to return towards the $56 level to than move sideways within a horizontal channel.
A drop below $56, or even $53,5 could confirm a reverse downtrend, otherwise we can expect new highs following the main positive trendline.
Good trading!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.