short term trend is confirm down trend for February 2020
new sell set up forming up, a pull towards defined levels expected today, and from those levels any sell set up of 2nd rejection one can sell with institutional traders.
if current momentum of price continues for next 6 hours than price of WTI Crude will definitely fall to 54.00
As the Saudi ARAMCO IPO not making any significant impact in oil market, moreover IRAN found new mega deposit of oil which makes sense for this current fall in price.
for now 54.00 if testing level for WTI as well as 54.00 on daily chart is the Fib...