|Bullish Reversal Pattern minutes ago
||On OIL hourly chart there is a bullish reversal signal (Bullish Engulfing Pattern). We recommend longing the pair with a stop loss below(Bullish Engulfing Pattern)
|MACD Bullish Turning Point minutes ago
||OIL MACD signal line has crossed above the indicator`s histogram while both of them, MACD and histogram, been less than Zero. This is a probable bullish short term turning point.
|Neutral Trend minutes ago
||OIL is struggling in a battle between both market forces (bulls and bears) the instrument has a trading range to break. Any four hours close above (49.13) will open the way for a little push upward to test next resistance level, and a four hours close below (44.21) will let the instrument test the next support level.