Pull back is very shy so far,Bullish supports get stronger below
We see some pull back after the surprizingly strong rally from the 40 low.
Given the Ichimoku setup I don't believe we'll see a massive drop in WTI, so better to be prepared for a buy signal!
- Support zone at 44,85 - 45,85 is getting stronger
- We have a possible bullish Senkou cross (forward Kumo twist) 26 days ahead. Kijun Sen will soon catch up to 44,50+ too.
- Heikin-Ashi is mild swing bearish, but haOscillator is far from negative. We also have to watch haDelta/SMA3 as it may build a bottom around zero line.
- I can immagine a 45,75-46,00 test, not so far away from spot price, but there I think buyers will start to step in. We have to watch price action not just ard 45,80, or below, but continously!
- EWO is bullish. Market should really collapse to trun it back to bearish.
Keep your eyes open!
Bonus: The best contra indicator Dennis Gartman is bearish again!!! :-D :-D :-D
Given the Ichimoku setup I don't believe we'll see a massive drop in WTI, so better to be prepared for a buy signal!
- Support zone at 44,85 - 45,85 is getting stronger
- We have a possible bullish Senkou cross (forward Kumo twist) 26 days ahead. Kijun Sen will soon catch up to 44,50+ too.
- Heikin-Ashi is mild swing bearish, but haOscillator is far from negative. We also have to watch haDelta/SMA3 as it may build a bottom around zero line.
- I can immagine a 45,75-46,00 test, not so far away from spot price, but there I think buyers will start to step in. We have to watch price action not just ard 45,80, or below, but continously!
- EWO is bullish. Market should really collapse to trun it back to bearish.
Keep your eyes open!
Bonus: The best contra indicator Dennis Gartman is bearish again!!! :-D :-D :-D