Crude oil (WTI) is cheap everything is not fine.

USOIL has been in a tightening pattern since FEB 2019 and is now nearing the end of the triangle.
The momentum is on the downside and indicators or signaling that a big move is near.

I will wait for a breakout to occurs before giving an entry point, targets and stoploss. But keep an eyes on the action.
I'll keep my followers updated.

Commentaire:

The RSI has broke is uptrend line and is being rejected from the retest.

looking at the volumes right now, they are really at an ATH and I don't know why.

Trade fermée manuellement:

great opportunity to buy.