Weekly close above descending slope line?

2019년 11월 8일

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.

2019년 11월 8일

액티브 트레이드

Looks like we have a winner.

2019년 11월 8일

노트

2019년 11월 11일

노트

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

2019년 11월 12일

노트

WTI has to make a move soon.