Dear Traders, The WTI has formed a bullish POC. The first signal for a long was the green dot. A pullback towards POC might form a new wave of buyers. The
Dear Traders,
The WTI has formed a bullish POC. The first signal for a long was the green dot. A pullback towards POC might form a new wave of buyers.
The price is looking to bounce towards 59.11 and 59.35. The POC zone 56.40-70 is where buyers are and possibly new wave of buyers might join if the price retraces. However, for a continuation move up, the OIL needs to close above 59.11- Weekly H5 and 59.35- M H5 (monthly camarilla resistance). Only above we weill see a scope towards 59.82 and 62.30.
The analysis has been done with the CAMMACD.MTF template.
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Many green pips, Nenad Kerkez aka Tarantula FX
Elite CurrenSea
