OIL weekly trendline break
Oil is doing what I was waiting for.:
It's climbing higher and higher. If we can hold above 34.60-34.70 this week then oil will print a double bottom with a breakout.
We have a MACD cross with a divergence of the weekly RSI.
The trendline is broken... Technical traders will be buying from tomorrow.
I would like to see a larger volume than last week or at least that volume, and a weekly close above 35$.
Last time we run 20$ up to the 35EMA from the similar - "beartrapped"- double bottom.
I think we are going to test soon 40$... And don't forget : all the powers need higher oil prices now... The whole world need inflation not a recession caused by the energy sector.
It's climbing higher and higher. If we can hold above 34.60-34.70 this week then oil will print a double bottom with a breakout.
We have a MACD cross with a divergence of the weekly RSI.
The trendline is broken... Technical traders will be buying from tomorrow.
I would like to see a larger volume than last week or at least that volume, and a weekly close above 35$.
Last time we run 20$ up to the 35EMA from the similar - "beartrapped"- double bottom.
I think we are going to test soon 40$... And don't forget : all the powers need higher oil prices now... The whole world need inflation not a recession caused by the energy sector.
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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.