US OIL (WTI/USD) – Week 12 – Bigger degree correction.
WTI dropped nearly 10% as short-term demand concerns and a rising dollar clashed to cause the biggest intraday plunge since October.
For this week we expect a corrective move towards the resistance area highlighted on our chart, before resuming the downtrend and breaking the trendline.
The bigger degree correction that we were expecting for a few weeks has started and we expect the price to continue dropping into the mid 50’s.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For this week we expect a corrective move towards the resistance area highlighted on our chart, before resuming the downtrend and breaking the trendline.
The bigger degree correction that we were expecting for a few weeks has started and we expect the price to continue dropping into the mid 50’s.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Dagangan ditutup: sasaran tercapai
We expect the price to now enter a deeper corrective phase. Trade with care. 
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.