After breaking a major support at 50.48 the WTI is heading to break another one at 46.12 the macroeconomic context is still bearish for the WTI as China the world largest consumer is on a shutdown
A possible pullback is on now and unless we close daily above 46.12-15 the trend is still bullish and we will be heading toward 42.50
My strategy is to short now at 46.07 with a stop loss at 46.35 to target 42.50 this scenario is invalid if we close daily above 46.15
A possible pullback is on now and unless we close daily above 46.12-15 the trend is still bullish and we will be heading toward 42.50
My strategy is to short now at 46.07 with a stop loss at 46.35 to target 42.50 this scenario is invalid if we close daily above 46.15
Trade active:
stop loss moved to 49
Trade closed: target reached
