West Texas OilShort
$WTICOUSD @ #Forex & #Oanada still in shadow of bear
Oanda WTICO/USD TF 30min
The long trend is dowenway.
Medium timeframe indicators are showing uptrend.
The minor trend is up. A trade through 38.30 will change the minor trend to dowenside. This will shift momentum to the dowenside.
Short term indicators are showing weakness:
-RSI: 78.71
-MACD: Bear posture
OUTLOOK
Expecting start of Bear Cycle.
2-16 hours
Cycle end time
10-48 hours
Cycle duration: 12 hours
Cycle Targets: 36.80 ; 36.09
Disclaimer : No financial advise, only for educational purpose
Every like and follow is welcome, check my profile for used indicator here for free!
The long trend is dowenway.
Medium timeframe indicators are showing uptrend.
The minor trend is up. A trade through 38.30 will change the minor trend to dowenside. This will shift momentum to the dowenside.
Short term indicators are showing weakness:
-RSI: 78.71
-MACD: Bear posture
OUTLOOK
Expecting start of Bear Cycle.
2-16 hours
Cycle end time
10-48 hours
Cycle duration: 12 hours
Cycle Targets: 36.80 ; 36.09
Disclaimer : No financial advise, only for educational purpose
Every like and follow is welcome, check my profile for used indicator here for free!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.