US OIL (WTI/USD) – Week 25 – Expecting a correction.
Last week, US Crude Oil dropped from the rising wedge pattern line without any big impact.
We would expect the price to fall from here into a corrective phase and test the first support level, but this might happen after we break the top once more.
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.
We would expect the price to fall from here into a corrective phase and test the first support level, but this might happen after we break the top once more.
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.
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