WTI 68.6 d.p. reject / 66.3 below!
Updated
11.15.24 WTI / USOIL / CL Plan
The 69.4 - 68.5 area has proved tough resistance. Long aren’t currently favourable, unless a retest shows a daily pivot reversal off 68.00 once more.
Price has rejected the 68.62 d.p. thus it’s likely to see bigger selling towards 66.30 (monthly 200 ema) as the 68.00 level is broken.
The 69.4 - 68.5 area has proved tough resistance. Long aren’t currently favourable, unless a retest shows a daily pivot reversal off 68.00 once more.
Price has rejected the 68.62 d.p. thus it’s likely to see bigger selling towards 66.30 (monthly 200 ema) as the 68.00 level is broken.
Trade active
68.00 is holding , do not try short when range is compressing up. I'm long again for that 68.6 d.p. reversal mentioned previously. Note the 69.40, 70.35 levels above.
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