WTI looks bearish now but be careful with the wedge.
WTI looks like is rejecting a new high, it seems like it is going down to 56.20; We are identifying that it is still inside a bearish channel but we have also a wedge so it may be breaking this channel soon to make a huge move (it can be either up or down)
We are entering a Short position but with a close follow-up since it can go up anytime.
We are entering a Short position but with a close follow-up since it can go up anytime.
Nota
It looks like Crude Oil is moving towards our first target at 56.20, our second target is at 54.60 since is the bottom line of the bear channel we have mentioned before.Nota
We are still in that wedge, price was negated higher at 58.40. Be patient on these trades, we posted also a new idea suggesting we should focus on the bearish channel we have spoke recently about.
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.
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.