WolfTradingFX

XTI/USD 4H CHART

Short
FX:USOIL   CFDs on Crude Oil (WTI)
Looking at crude oil we can see that it has been on a bearish move for really long time now. Now we got bounce up back to the previous support which will act as a resistance now at level 50.60 . Move down is expected from technical side as from fundamental because fear of OPEC not cutting enough and Trump wanting oil prices low. We will most likely see some down move again. Once we see charts creating lower lows and higher lows we know we are on the right track !
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