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.