WTICOUSD (RESISTANCE ZONE)
Hey guys!
How are you guys doing! O hope from the previous analysis, the daily fake out from DAILY timeframe got you guys a confirmation and brought toward more downside.
What I'm seeing now is that it shall go back and test 110.70 zone and probably bring more downside to 105, 103 and possibly to 95 range.
However, shall it
break the resistance zone with a strong candle, it will be bring us to a greater height.
As oil is a very volatile commodity and can easily go up/down a few dollars so do trade with minimal risk and not overtrade!
let me know how you guys think!
How are you guys doing! O hope from the previous analysis, the daily fake out from DAILY timeframe got you guys a confirmation and brought toward more downside.
What I'm seeing now is that it shall go back and test 110.70 zone and probably bring more downside to 105, 103 and possibly to 95 range.
However, shall it
break the resistance zone with a strong candle, it will be bring us to a greater height.
As oil is a very volatile commodity and can easily go up/down a few dollars so do trade with minimal risk and not overtrade!
let me know how you guys think!
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