financialflagship

US OIL (WTI/USD) – Week 24 – Waiting for a trendline breakout.

Short
FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
Last week, US Crude Oil slowly increased and made new higher highs.
The way it is developing it looks like the bullish rally is starting to slow down. This is a sign that any time the price could start falling. In this case, in the coming week we would expect a trendline breakout followed by a small pullback that will represent the trigger for the bearish move.
Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.

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Comments

Lovely view, keep them coming
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@Investroy, will do! Thanks mate!
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The best TA on TradingView
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@YMGroup, 🔥🔥
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nice one ...i agree with this
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@AtlasTrades, thank you mate!
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yes agree with the bearish move also :) thx
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@jojofang0901 you're welcome :)
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Very good Idea. Thank you!
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financialflagship T_V_TreeTrader
@T_V_TreeTrader, You're welcome!
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