The Current Oil Square

Mis à jour

USOIL working the 1/3-1/2 square both price and time wise from the recent high. You can see the dashed horizontal support and resistance lines based on the aforementioned square range of 1/3 to 1/2. If bulls manage to turn this around, the first thing they will have to do is break beyond the descending 45 degree line of that highlighted 1/3-1/2 square.

Note

Potential supply zone and short term 45 degree rotation from the current high of 4452

Note

Note

Updated chart with the 45 & 15 degrees lines coming up from the recent low. A probable triangle play here highlighted

Note

USOIL approached the 45 angle of the square, if bears fail here, should see a decent upside onwards

Zoen_Trieste

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.