<b>Timeframe :</b> Short term
<b>Our bias:</b> Sell
It has been moving into downtrend and with recent reversal, price has went up from $36 to $41 which later rejected and come down to $39.55.
This indicate a potential lower high with price rejected at the trend line with potential projection to $34.
<b>Our bias:</b> Sell
It has been moving into downtrend and with recent reversal, price has went up from $36 to $41 which later rejected and come down to $39.55.
This indicate a potential lower high with price rejected at the trend line with potential projection to $34.
Trade active
WTI tested at $41.50 so long this price hold as a resistance, we might expect it to continue from falling. Good for building up position at every $1 drop till $36 - $34
Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.