WTI holding resistance at 40.5
Booked profits on Friday and looking to enter long again.
The W pattern on 4h suggests that the price will stay above 37USD.
A break below could lead to a further downside to 33USD.
However, the weekly structure and trend cycles suggest more upside.
Please check out previous posts below and share your thoughts on oil:)
Have a great week!
The W pattern on 4h suggests that the price will stay above 37USD.
A break below could lead to a further downside to 33USD.
However, the weekly structure and trend cycles suggest more upside.
Please check out previous posts below and share your thoughts on oil:)
Have a great week!
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