MARKET ANALYSIS: The pair is trading near a strong resistance and has broken a channel trend line and now is trying to retest. If the resistance holds we can expect a new low from the resistance zone. So lets wait and see what the market does in the coming days. Cheers!
Comments
paulsubbureddy
⋅
Excellent technical view on crude oil. Today let us wait for the market to react at this triple bottom. Thanks for your valuable analysis.
Kishore
⋅
@paulsubbureddy, Thank you for your compliment sir. Yes lets wait and trade. Cheers!
UrsulaP
⋅
Thank you very much, this looks really good, lets see what the market does. I think I wait to enter short again.
Kishore
⋅
@UrsulaP, Sure, Its always better to wait and enter the markets. Cheers!
yshen8168
⋅
WTI will run to 49-50, in the next few month, shorting is not a good idea.
Kishore
⋅
@yshen8168, Alright will have a look at it. Thanks for the view buddy. Cheers!