Below is a weekly chart of the Crude WTI cfd. Following from its...

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    Below is a weekly chart of the Crude WTI cfd.

    Following from its mid-August BO above TL resistance - price this week had another BO above higher TL resistance. PA is fast approaching an area of OH resistance between early-49's and early-54's. The MACD is close to forming an UC with +ve histogram expansion which is bullish. MACD is at its highest level ascending in over 2.5yrs which is bullish. Stochastics recently turned up after forming a LH and becoming OB since mid-yr. Currently ascending at 76.6439 and looking to re-enter the bullish continuation region. On balance, momentum is looking bullish over the next several weeks. DYOR.

    20161005_Crude_W.jpg
    Last edited by Jagster Trading: 05/10/16
 
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