CrudeOil
USDWTI
is in a big consolidation. Currently price is showing support to try and move higher out of the consolidation. Does it continue higher from there? That's not totally clear at the moment.
What I do expect is price rally up into 54.00 over the next two weeks. With some strength 55.20 is also a likely target.
Note: All ideas shared here are for learning and educational purposes only. Any trade taken on this projection is done so under your own risk.
USDWTI
is in a big consolidation. Currently price is showing support to try and move higher out of the consolidation. Does it continue higher from there? That's not totally clear at the moment. What I do expect is price rally up into 54.00 over the next two weeks. With some strength 55.20 is also a likely target.
Note: All ideas shared here are for learning and educational purposes only. Any trade taken on this projection is done so under your own risk.
Comment:
Crude is consolidating. While I still expect higher prices, it might take a little longer than expect.
Trade closed: target reached:
Another solid move called from crude with 250+ pips gained. Hope you caught some!