<b>Timeframe :</b> Short term
<b>Our bias:</b> Sell
It has been moving into downtrend and with recent reversal, price has went up from $36 to $41 which later rejected and come down to $39.55.
This indicate a potential lower high with price rejected at the trend line with potential projection to $34.
<b>Our bias:</b> Sell
It has been moving into downtrend and with recent reversal, price has went up from $36 to $41 which later rejected and come down to $39.55.
This indicate a potential lower high with price rejected at the trend line with potential projection to $34.
Trade active:
WTI tested at $41.50 so long this price hold as a resistance, we might expect it to continue from falling.
Good for building up position at every $1 drop till $36 - $34
Good for building up position at every $1 drop till $36 - $34
Trade closed: target reached
