US OIL (WTI/USD) – Week 44 – Starting to lose momentum?
Updated
Last week, the pair continued the uptrend despite our forecast in which we anticipated it to reach the bottom channel line.
For next week, we expect the price to enter a bearish phase for a consolidation. We will focus on the sell setups and wait for the price to give us the necessary signs for a reversal, even though it could move higher from here.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For next week, we expect the price to enter a bearish phase for a consolidation. We will focus on the sell setups and wait for the price to give us the necessary signs for a reversal, even though it could move higher from here.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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