The WTI oil (USOIL) 4H Diagram Technical Analysis shows the following:
The USOIL price has made a long term decline under the KUMO with some consolidations @$97-$98.
MACD is forcing its bullishness and RSI too. There is a divergence on MACD that make some bull thoughts.
We have no special candlestick pattern. The price is under the KUMO and tries to breachs Kijun Sen (blue line) and Tenkan Sen (green line) too.
There is no special pattern. The fib shows exactly the levels.
Wait and see.
Long above 97.60 Kijun Sen for 98.61 bottom of KUMO. Stop loss and short below 97.30 for 96.49.
The USOIL price has made a long term decline under the KUMO with some consolidations @$97-$98.
MACD is forcing its bullishness and RSI too. There is a divergence on MACD that make some bull thoughts.
We have no special candlestick pattern. The price is under the KUMO and tries to breachs Kijun Sen (blue line) and Tenkan Sen (green line) too.
There is no special pattern. The fib shows exactly the levels.
Wait and see.
Long above 97.60 Kijun Sen for 98.61 bottom of KUMO. Stop loss and short below 97.30 for 96.49.
