Yesterday the price action of WTI made a promising bullish setup.
First of all the bearish trend on the hourly chart, which started on October 28th, ended a few cents above the projected price range of $53,58.
Since then a strong opposite bullish price reaction has unfolded which broke many resistances.
Furthermore, the RSI broke out of a descending channel (negative reversal) and reached the 80 area, strengthening the bullish outlook of WTI.
Before getting long you should wait for a price pullback. This will give you the opportunity to calculate the price projections.
First of all the bearish trend on the hourly chart, which started on October 28th, ended a few cents above the projected price range of $53,58.
Since then a strong opposite bullish price reaction has unfolded which broke many resistances.
Furthermore, the RSI broke out of a descending channel (negative reversal) and reached the 80 area, strengthening the bullish outlook of WTI.
Before getting long you should wait for a price pullback. This will give you the opportunity to calculate the price projections.
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.