OIL is in uptrend but becareful with RSI

٢٦ أبريل ٢٠١٩

Oil is in clearly uptrend (EMA50 is up and trendline is up also)
but right now RSI divergence in D1

We have to becareful oil can pulback and re-test trendline or EMA50 (maybe fibonacci retracement)
if you are buying rightnow, close your position and wait for new signal from RSI, Candlestick

٢٧ أبريل ٢٠١٩

ملاحظة

Oil reaches trendline after 26-4-2019

٣ مايو ٢٠١٩

ملاحظة

Oil break-out trendline. This time we can close some profit (maybe 30-50%) and wait for what happen next.

If price breaks ema50. We can hope for more profit (price can pulback on fibonacci 50%)