As you remember, traders, we spotted a confirmed bearish breakout of a rising parallel channel on WTI last week. Now, we see its retest.
Watch a minor rising trend line on 4H. Its bearish breakout will be your confirmation to short. You need a 4H candle close below that to confirm the breakout. The market will most likely drop to 102.8 / 100.0 levels then.
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Note
Check my new analysis on EURJPY, EURCHF, GBPCAD, GBPCHF:
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