After changing the trendline for a bullish one, looks like WTI (Crude Oil) will try a second time to break the 74 resistance from July.
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This is moving great! I want to see a little bit more of red before we go up up up!!! Winning with a short so far that I have closed partially. That 64 looks very probable.
Attention as if we break down again into the channel this may sink oil price back to 50's. A solid break below the blue line is a setting for me.
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This is following our script. We have secured some profits from our long position as it never broke the support. Still expecting it to reach that 74.40 resistance.
Trade closed: target reached
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We consider this as a very great target. Took profits on both sides. Very happy to have shared this one month ago, hope you won as well.