Here we have a WTI crude oil chart.
Strong fundamentals with shortages globally have driven Oil up to great highs.
This has caused a backlash fast move down to our previous support and a quick move back up preceding it.
For this reason we are now turning short again to catch it back down to this level.
We caught it long at the Support + MA's and are now looking to accumulate shorts for a move back down.
Strong fundamentals with shortages globally have driven Oil up to great highs.
This has caused a backlash fast move down to our previous support and a quick move back up preceding it.
For this reason we are now turning short again to catch it back down to this level.
We caught it long at the Support + MA's and are now looking to accumulate shorts for a move back down.
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Daily Mentoring On Zoom:
bit.ly/prottm
Posts Not financial advice.