Why?
TA:
-RSI Bearish Divergence seen clearly on daily
-MACD, Stoch(blue on PTS) Divergence too
-CCI going down, bearish
-ADX is showing lack of bull trend strength, bear trend rising
FA:
-EURO WILL GO TO PARITY, very strong dollar coming up in june, see EU related post
-Inventory data too negative, will now likely shoot up, Api should show from -5.2 to something less negative, making oil bearish
-US rate hike, GREXIT possibility, can make dollar strong
IF this bearish scenario fails, then oil will continue to stay in channel.
The only way oil breaks up above 62-63, is a weaker dollar than before.
OIL needs to break above 200EMA on daily, which is at 64$, for oil to become bullish.
Until that happens, oil stays bearish or in channel mode.
That is all.
Stay tuned for more!
TA:
-RSI Bearish Divergence seen clearly on daily
-MACD, Stoch(blue on PTS) Divergence too
-CCI going down, bearish
-ADX is showing lack of bull trend strength, bear trend rising
FA:
-EURO WILL GO TO PARITY, very strong dollar coming up in june, see EU related post
-Inventory data too negative, will now likely shoot up, Api should show from -5.2 to something less negative, making oil bearish
-US rate hike, GREXIT possibility, can make dollar strong
IF this bearish scenario fails, then oil will continue to stay in channel.
The only way oil breaks up above 62-63, is a weaker dollar than before.
OIL needs to break above 200EMA on daily, which is at 64$, for oil to become bullish.
Until that happens, oil stays bearish or in channel mode.
That is all.
Stay tuned for more!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.