financialflagship

US OIL (WTI/USD) – Week 23 – Expecting a drop.

Short
FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
Last week, US Crude Oil increased and made a new top.
In the coming days, we are expecting the price to lose momentum and start a bearish pullback. We will wait for a trendline breakout, followed by a small flag to act as our confirmation. If not, the pair could continue and rise slowly.
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

Very good Idea. Thank you!
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financialflagship T_V_TreeTrader
@T_V_TreeTrader, Most welcome :)
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thanks for sharing your great idea
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@YMGroup, You're welcome!
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Very Possible Scenario 🔥
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@AtlasTrades, Let's see how it will develop :)
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i hope but i think summer of joy requires high demand on oil & bearish pullback may delay till the end of summer
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Thanks for your great analysis...
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@Mehdisouriiii you're welcome mate!
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