Type : Bearish Momentum
Resistance : 104.47
Pivot: 101.56
Support : 95.17
Preferred Case: On the H4, with price moving within a descending channel and RSI moving along a descending trendline, we have a bearish bias that price will drop from the pivot at 101.56 where the pullback resistance and 78.6% fibonacci retracement are to 1st support at 95.17 in line with pullback support and 61.8% fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and rise to the 1st resistance at 104.47 where the pullback resistance is.
Fundamentals: Due to the uncertainty over the German gas crisis and supply constraint of oil , we have a bullish bias on oil . We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
Resistance : 104.47
Pivot: 101.56
Support : 95.17
Preferred Case: On the H4, with price moving within a descending channel and RSI moving along a descending trendline, we have a bearish bias that price will drop from the pivot at 101.56 where the pullback resistance and 78.6% fibonacci retracement are to 1st support at 95.17 in line with pullback support and 61.8% fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and rise to the 1st resistance at 104.47 where the pullback resistance is.
Fundamentals: Due to the uncertainty over the German gas crisis and supply constraint of oil , we have a bullish bias on oil . We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.