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USDWTI Technical Projection for the Week (24/02)

Short
U.S. DOLLAR / WTI CRUDE OIL (FX_IDC:USDWTI)  
traderdxb1  
FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
Trend Analysis traderdxb1 wticrude Oil USDWTI
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trendanalysis traderdxb1 wticrude oil usdwti
USDWTI is inside trailing an upward channel approaching a previous high at 57.60. Price can go for a breakout resistance level at 57.60 or pullback to 55.34 before it continue the uptrend. I prefer to see a pullback before riding the trend again.

Bullish Scenario, with target at 60
Bearish Scenario, with target at 55.5

Disclaimer: This technical analysis is not to be treated as financial advice but solely for educational purposes only.

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