The crude oil markets are on the bear today, with WTI falling nearly 2% for the session. A few reasons for the chaotic price action are reports of an Iranian nuclear deal, Russia/Ukraine, and WTI futures rollover. Right now, this market is in flux. For now, the key number in April WTI futures is the weekly 38% Fibonacci Retracement ($88.95).
Here's the scalp:
1) Sell $88.89
2) Stop loss at $89.06
3) Profit Target $88.72
Here's the scalp:
1) Sell $88.89
2) Stop loss at $89.06
3) Profit Target $88.72
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.