Midterm view of XTIUSD or crude oil - TECHNICAL ANALYSIS ONLY

Jul 18, 2019

The energy security is subjected to a bearish pressure following an upward trend line and living a lot of room for significant movements. While approaching the demand level, an exhaustion can be noticed broaden by the decreasing daily traded volume. Nonetheless, odds of a breakout and bearish continuation remain medium/high.

Possible Targets: 52.000 (-4 points)

Advice: Stay bullish and buy every low points while we don't break upward 58.000.

Jul 23, 2019

Note

Oil follows a narrowing range around the demand area, delighting an upcoming volatility and breakout.

Aug 7, 2019

Trade closed: target reached