U.S. DOLLAR / WTI CRUDE OILPanjang
USDWTI : INTRADAY VIEW
WTI is been consolidating b/w 99-106 and avoiding volitlty since 3 days. But when you look at chart it clearly state that there is strong support and a trend line i.e helping wti sustain above 99.
WHAT DOES CHART SAY FOR TODAY(INTRADAY)
WTI can take a small dip again to 99-100 taking support and will sustain above the trend line underlying at 98.5
HOW TO TRADE PROFITABLE TODAY?
I would suggest buy on dip would be great deal for today. As after taking the support of trend line at 99-100 WTI may enter into uptrend and will change its dynamics from consolidation to Bullish A-B-C patter.
You can take a small quantity at 99.5 the accumulating quantity on every dip would be a great DEAL for LONG traders.
And for INTRADAY traders 105 would be Profit booking price.
WHAT DOES CHART SAY FOR TODAY(INTRADAY)
WTI can take a small dip again to 99-100 taking support and will sustain above the trend line underlying at 98.5
HOW TO TRADE PROFITABLE TODAY?
I would suggest buy on dip would be great deal for today. As after taking the support of trend line at 99-100 WTI may enter into uptrend and will change its dynamics from consolidation to Bullish A-B-C patter.
You can take a small quantity at 99.5 the accumulating quantity on every dip would be a great DEAL for LONG traders.
And for INTRADAY traders 105 would be Profit booking price.
Penafian
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