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.