USOIL hourly oscillators move into bullish position

USOIL hourly oscillators move into bullish position for FX:USOIL by FXCM

USOIL hourly oscillators move into bullish position

Crude Oil (WTI) FX:USOIL



USOIL is in the bullish area on the daily chart on the left. The bullish crosses of EMAs and stochastic potentially align short-term traders with the daily. We are looking to see if the EMAs develop angle and separation. If so, a movement of stochastic to 80 level and maintenance of that level increase chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly low in conjunction with risk management techniques.

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