Price finished with a nice spike in Asian session, now in the similar consolidation area as before with an uptrend line. Best to protect profits from the spike now as we wait for the consolidation to show us the next move.
Please support the idea and share your thoughts on WTI!
Good Luck and Stay Healthy!
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Potential DT on 15 minutes time frame
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Fall or spike from here
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US session opens in 5 mins, look out for volatility and news.
Youre forgetting the bailout that Trump is announcing today or tomorrow. He will give out loans one exchange for companies to stop drilling. Super bullish on market. Next target 23
Antonio_trader
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@astros148, That's the expectation and what he promised so far. That's why waiting for the technical break to confirm either way.
@danta_master, Yes market is taking a break for now. Woke up and everything red :) Asian session was quite bad and markets got hit on indices hard, Trump talked of potential retaliation on China. Could be a volatile day today.
illuminating_trade
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@Antonio_trader, I totally agree with you!
I already reduce my portfolio of oil
illuminating_trade
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Target to $21
illuminating_trade
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I am making super pips with oil now :-)
So Do you still have bearish view or did you change your mind?
Antonio_trader
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@danta_master, Glad you're making! It is a good day. Always follow technicals, testing resistance now so all good. Today is end of the month, so many will be closing monthly positions. Fixing market already went nuts. If oil spikes through resistance now, hopefully we see at least another $1 up before day ends.