WTI Crude Oil (The momentum has shifted!)

View On WTI (15 May 2023)

WTI is in
* Downtrend in short term (Intraweek)
* Downtrend in Mid term (Intramonth)
* Downtrend in Long term (Last 3 months)

Follow our analysis on early May.

Crude Oil had a good run up to the resistant area of 72~74 before it gets shoot down again.
Now we can except $67 regions as a good support and the price can go there first.

So,

We are not in the hurry to buy in just yet the current momentum is still the bearish one.
Stand aside first if you are looing for a long entry.


Let's see.


DYODD, all the best and read the disclaimer too.
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