LanHunt

USD/WTI (CRUDE OIL) short above 48.9 upon break of rising wedge

Short
FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
Rising wedge broken, EIA + OPEC oil supply outstripping demand, original limit of 48.6 has been extended with skepticism to $48.1, will be watching the charts as the day goes on and watch for US oil inventory data release this wednesday
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.