Crude Oil is rising strongly today on the 4H MA50, recovering from yesterday's rejection on the 1D MA100. Both the 4H and 1D time frames turned bullish technically (RSI = 60.309 & 60.309, MACD = 0.770 & 0.890, ADX = 36.187 & 25.146 respectively) as the price is approaching R1. This is a strong Resistance Zone that has been intact for 2 months. On it is the HH 1 trend-line, which has three Higher Highs already.
The bullish trigger is above 83.40 with TP the R2 at 87.50. The bearish trigger is the 4H MA50 and HL 2 with TP HL 1 and S2.
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The bullish trigger is above 83.40 with TP the R2 at 87.50. The bearish trigger is the 4H MA50 and HL 2 with TP HL 1 and S2.
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## Comments and likes are greatly appreciated. ##
## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
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I trade Crypto, Forex, Indices & Commodities all from one account on PrimeXBT with TradingView charts
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
Register here👉 investingscope.s.gy/PrimeXBT
Contact me for Account Management (+15% monthly profit)
Telegram👉 t.me/investingscope
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.