"UsOil (WTI) starting the new move from here?" by ThinkingAntsOk

4H Chart Explanation:

- Price bounced on the Resistance Zone.
- Price broke the Ascending Trendline.
- Bearish Divergence on MACD.
- If the bear move starts, price should break the $59 level to continue towards the next Support Zone at 55,10 and, finally, to the Support Zone at 51,4.

Our Weekly and Daily Analysis also support this short idea! Take a look.

Weekly Analysis:


Daily Analysis:


Updates coming soon!