Where market go next week? Whats happening with WTI?
WTI last 2 day goingup. but i thing this is not a new trand this is just correnctio for new huge move down.
Have more reassons for SHORT WTI.
First is Iranina back in Market oil after 36 years. Iranin Selling 1.4 million barrels a day on average in 2014.
Tehnical analysis: Elliott : have 1 impuls 0-1 ; 1-2 is corective ABC ; 2-3 impuls is not to much longer 0-1 and very possible 5 impusl be extended.
So we wait a correction for new short order. Hisctorical Resistanance 1) Strong res : 43,5 - 38.0
2)Other : 40.0 - 34.50
3) Fibo : 32.90-36.0
Wait this prices for new order.
Happy Trading!
Have more reassons for SHORT WTI.
First is Iranina back in Market oil after 36 years. Iranin Selling 1.4 million barrels a day on average in 2014.
Tehnical analysis: Elliott : have 1 impuls 0-1 ; 1-2 is corective ABC ; 2-3 impuls is not to much longer 0-1 and very possible 5 impusl be extended.
So we wait a correction for new short order. Hisctorical Resistanance 1) Strong res : 43,5 - 38.0
2)Other : 40.0 - 34.50
3) Fibo : 32.90-36.0
Wait this prices for new order.
Happy Trading!
Comment:
Very good pull back down touch 34.50 and go down current price 31.35
Trade closed manually