Spot WTI Crude Oil

USOUSD rises on reversal

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USOUSD today on the 15-minute chart dropped on a downtrend outside the Bollinger (lower)

Band (49, ohlc,2) hit a Doji candle and then started the upward retracement. The RSI indicator

shows relative strength hitting a bottom and bouncing up. RSI is about to go over 50. Price

is currently below the high volume area with the POC line aligned with the basis center line

of the Bollinger Bands. The ECHO indicator, a predictive algo tool is for a 2.5 % upward trend

over the next 2-3 days. I see this as a good entry point for a long leveraged forex trade.

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