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financialflagship

US OIL (WTI/USD) – Week 20 – Resistance up ahead.

Long
U.S. DOLLAR / WTI CRUDE OIL (FX_IDC:USDWTI)  
financialflagship Updated   
FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
Trend Analysis Chart Patterns Wave Analysis wtiusd WTI Crude Oil WTI tradeidea Commodities
7
11
trendanalysis chartpattern waveanalysis wtiusd wti usoil tradeidea commodities
Last week, WTI lost some bullish momentum and the price dropped towards the trendline, as forecasted.
For next week, we are expecting the price to resume the bullish momentum and re-test the resistance level.
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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Trade closed: target reached

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