In this video update, we take a look at WTI CRUDE OIL as price looks to extend its losses.
If the monthly timeframe closes bearish as we should expect, further shorts look more likely.
Looking at the 4hr timeframe price has stalled at the $55.00 level where we could see
a short-term retracement into 57.20. If price tests this level we will look for short opportunities
in line with the higher timeframe.
If the monthly timeframe closes bearish as we should expect, further shorts look more likely.
Looking at the 4hr timeframe price has stalled at the $55.00 level where we could see
a short-term retracement into 57.20. If price tests this level we will look for short opportunities
in line with the higher timeframe.