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MarketIntel
Mar 16, 2022 11:05 AM

WTI: Fast and Furious 🏎🏎🏎 Short

Crude Oil FuturesNYMEX

Description

After its racy rush upwards into the red zone between $111.46 and $131.21, WTI has slammed on the brakes at the resistance line at $130.50 and turned around with screeching tires to race down into the orange zone between $96.40 and $88.38. There, WTI should finish wave a in orange and then ride a short loop upwards to complete wave b in orange. After this daring feat, the drive should go on downwards below the support at $80.98 and into the green zone between $70.12 and $35.77.
Comments
svansi1
This trade is going to be ouchy
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