Weekly close above descending slope line?

8 thg 11, 2019

As of now Oil is deciding if it is closing the week above the descending line, this means oil has to close up for the week.
Inflation has been rising lately, oil likes this very much, so my bias has shifted bullish recently for oil and other commodities.

1-Hourly Chart
Multiple rejections from the weekly open. Could be a nice entry point long.

8 thg 11, 2019

Giao dịch đang hoạt động

Looks like we have a winner.

8 thg 11, 2019

Ghi chú

11 thg 11, 2019

Ghi chú

Still consolidating, could be another lower high.
If descending pitchfork breaks, i will enter long positions.

12 thg 11, 2019

Ghi chú

WTI has to make a move soon.