From the 20sh low, WTI oil has risen about 40% towards 30 resistance and big sell zone.
I expect this to be just a correction and the downtrend to resume soon.
Rallies should be sold for a retesting of 20 low and such a trade could have an extremely big r:r. A daily close above 30 would negate this scenario.
I expect this to be just a correction and the downtrend to resume soon.
Rallies should be sold for a retesting of 20 low and such a trade could have an extremely big r:r. A daily close above 30 would negate this scenario.
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