USOIL / WTICrude - Technically Bullish
There are few confusions with this chart but technically USOil shows us a bullish movement.
If you see the last candle was ended up as a pin bar and it has good support which is showing us a bullish signal. Look at one more thing closely (Yellow & green squares), we have got 4 bearish candles and each time we get consecutive 3 or more bearish candle price move higher from the support which you can see clearly from the Support trend line (B).
Note: Trade at your own risk and this analysis is without any fundamental.
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If you see the last candle was ended up as a pin bar and it has good support which is showing us a bullish signal. Look at one more thing closely (Yellow & green squares), we have got 4 bearish candles and each time we get consecutive 3 or more bearish candle price move higher from the support which you can see clearly from the Support trend line (B).
Note: Trade at your own risk and this analysis is without any fundamental.
Like & Comment on us.
Follow us on Telegram - @theturningpoint