CFDs on Crude Oil (WTI)Updated Crude Oil showing interesting pattern
Looks like Crude Oil (WTI) will be falling to 60's as it has broken a long term trendline, It depends pretty much on the key support at 64.60 area.
If it breaks I will enter a SHORT, otherwise I am going LONG till 70-s.
Let's see.
If it breaks I will enter a SHORT, otherwise I am going LONG till 70-s.
Let's see.
Note
It never broke, so I entered a LONG till 70.10.Trading intraday afterwards as the oil became range-bound. See my latest analysis as it seems there is more downtrend coming and then at 64 define (once again) a direction.
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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.