WTI Oil crossed over the Falling Resistance today and is establishing the price action over the MA50 (4h).
On the previous bullish leg to Resistance (1), the price had one last pull back before extending the rise.
Trading Plan:
1. Buy when the RSI (4h) gets 40.00 again.
Targets:
1. 76.00 (the MA50 (4h)).
Tips:
1. The ultimate long term Resistance is the MA200 (1d), which last time rejected Oil at 83.50. Right now is at 81.00 and declining.
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Notes:
Past trading plan:
On the previous bullish leg to Resistance (1), the price had one last pull back before extending the rise.
Trading Plan:
1. Buy when the RSI (4h) gets 40.00 again.
Targets:
1. 76.00 (the MA50 (4h)).
Tips:
1. The ultimate long term Resistance is the MA200 (1d), which last time rejected Oil at 83.50. Right now is at 81.00 and declining.
Please like, follow and comment!!
Notes:
Past trading plan:
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