outlook on wti oil
Updated
hey guys,
on wti oil we see that the market reached a decent level of structure looking left.
after the market approached this level, we see a clear violation of a rising channel
that the market has been following since 11th of February.
what I suggest you do now, is to wait until the market closes below 56.7 level,
it will give you an additional confirmation.
then I will be looking for selling opportunities.
my initial target will be around 55.5 level.
good luck!
Note
market is approaching the initial target!bearish violation of this level will signify further bearish movement
Note
Standing on structure
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