WTI has completed a bearish pennant - Retesting higher levels
For the fourth week in a row, last week oil fell.
Technically, WTI has completed a bearish pennant. That pattern is normally followed by an upward correction which, in this case, means it could retest the $30 level.
I recommend you to go bull to 29-30$ levels during this week.
Technically, WTI has completed a bearish pennant. That pattern is normally followed by an upward correction which, in this case, means it could retest the $30 level.
I recommend you to go bull to 29-30$ levels during this week.
Note
Got the ascending channel, hope it helped you guys!
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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.