WTI OIL - head and shoulders incoming/This could pump oil to 63$
Current price scenario looks like a big H&S is incoming. Formation time is almost perfect (1-2 months) and support lines are within right shoulder.
Lets see what time will bring.
In short term I am still bearish but in long term bullish (if this formation is completed). If the right shoulder should breaks down I see a fast retest of 42-44 $ incoming
Lets see what time will bring.
In short term I am still bearish but in long term bullish (if this formation is completed). If the right shoulder should breaks down I see a fast retest of 42-44 $ incoming
Trade active:
move stop loss to 52,90 - full confirmation with breakout above 54,50
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
