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Technician
Jan 15, 2020 9:46 PM

WTI Crude Oil: Selloff Done for Now?  Long

West Texas OilOANDA

Description

I think the selloff following ease of geopolitical risks is about to stall, and we could see a short term bullish bounce.
Technically the price hits the 200-days simple moving average and the main rising trend line for the overall bullish trend.
Looking for a short term upside possible target 2 dollars from here, around 60/Barrel.

Best
Technician
Comments
ChartProphet
Very nice setup.
plorenz21
spot on analysis. Price almost hit the target yesterday
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