☑️USOIL stablished a triple top and is showing rejection I think that oil price needs correction After a strong uptrend, given that the triple top is below strong resistance area Therefore, I am locally bearish and I expect oil to retest the horizontal support below Moving down slowly with 3 targets in sight SHORT!↘️
@MountainTraderFX, I Agree with you!! If WTI Crude Oil gets a rejection at $52'ish next support is at $49'ish.. If we look at the fundamentals (Oil demand, Inventory pileup, covid-19 situation etc.,), there are good chances to push prices down to $49 Unless OPEC+ drastically cut the supply which is highly UNLIKELY!!
Prasad_Ari
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So there is a good Bearish Case for WTI and new price target is $49'ish!!