WTI USOIL :: interesting area to watch
Will the current descending channel hold the price action? Will it break above and remain inside the smaller ascending channel?
It is up to you, my buying areas and selling area remain unchanged (sell above 66, buy below 54).
55% chances of pulling back from current levels and 45% of continuation to 64.10. All the best whichever trade you take.
It is up to you, my buying areas and selling area remain unchanged (sell above 66, buy below 54).
55% chances of pulling back from current levels and 45% of continuation to 64.10. All the best whichever trade you take.
Trade active:
Went up to 64.30 equalling previous high. Let's see the opening of today's session to foresee the mood of the markets. No expert but low interest rates makes US Shale easier to borrow money and get back to previous output of 13mbpd, surpassing KSA and Russia. I would say that should be negative for oil prices but let's see what big fellas decide from here onwards.
Trade active:
Engulfing candle to reverse action.