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pomoziadam
Aug 30, 2019 5:02 AM

WTI before breakout 

Crude Oil (WTI)FXCM

Description

Hi Traders!

I see these possible setups for WTI in the coming weeks/months. For me, fundamentals are rather bearish, however RSI shows divergence and in short term geopolitical and seasonal issues (eg. hurricanes) can boost the price easily. Let's see which way the market wants to go.

These are only directions and target zones, time frame will surely differ.

Regards,

Adam
Comments
pomoziadam
* around-under 40-45 $ WTI is heading to its average cash breakeven/production cost price area which means strong support zone for WTI
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