Hey all,
We just started buying WTI because we believe that the worst is over for the bulls, or at least it should be soon.
It makes sense to go long now and based on the lower time frames, like 1H, we see a solid support and possible reversal.
However the bearish pressure is quite strong with aggressive lower lows and lower highs forming over the last 2 hours or so.
We are long for now, and will look to be into new longs in the 68.78- area if this support fails.
We just started buying WTI because we believe that the worst is over for the bulls, or at least it should be soon.
It makes sense to go long now and based on the lower time frames, like 1H, we see a solid support and possible reversal.
However the bearish pressure is quite strong with aggressive lower lows and lower highs forming over the last 2 hours or so.
We are long for now, and will look to be into new longs in the 68.78- area if this support fails.