financialflagship

US OIL (WTI/USD) – Week 21 – Expecting another drop.

Short
FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
Last week, in our previous analysis, we correctly anticipated that the WTI will break the resistance level . It seems that around that area there were a lot of sellers with high volume trades, that managed to push the price down towards the support area .
In the coming days, we expect the bearish sentiment to increase, but we first need a consolidation to occur underneath the trendline.
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.
Trade closed: stop reached

Comments

worst analysis, SL
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great chart
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Nice chart
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nice TA :)
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@AtlasTrades thanks a lot! 🙌
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after retest more fall is expected

thanks for sharing
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@MMBTtrader you're welcome! 😊
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Good job
Thanks for your work
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@OptimoomFX thanks a lot, you're most welcome
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