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Feb 23, 2020 7:16 PM

USOIL (WTI) Daily Analysis 2/23/20 Short

WTI CRUDE OILTVC

Description

WTI short idea

Hugely bearish movement has been happening recently and we can see that the weekly & daily are bearish while the monthly and 4hour are bullish.

We are definitely favoring the bears in this scenario. We will look to capitalize on a bearish continuation once we see a confirmed retest of a key prz level & resistance.

Looking to target lower toward our weekly support around 47.50
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