WTI: Weekly Forecast 18th July 2021
WTI has the biggest drop in 4 months as selloff persisted on a overheated oil prices.
However, the price managed to close right above the rising channel, as well as the demand zone at 70.
This week, we will attempt to long again at the current level.
Should the support fails, we expect the price to retest he previous high at 66.
However, the price managed to close right above the rising channel, as well as the demand zone at 70.
This week, we will attempt to long again at the current level.
Should the support fails, we expect the price to retest he previous high at 66.
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