WTI would go down before it grows again
Updated
WTI is considering to be bearish in short term.
I don't mean this momentum will create bearish cycle to crude oil.
EU is dealing with Hungarian government to do sanction for russian oil.
Only matter of time to close the deal.
But it will go down until it makes perfect negotiation.
MACD is also decreasing.
Target to 97-98 around. I will analyze again as soon as it reaches to my target.
I don't mean this momentum will create bearish cycle to crude oil.
EU is dealing with Hungarian government to do sanction for russian oil.
Only matter of time to close the deal.
But it will go down until it makes perfect negotiation.
MACD is also decreasing.
Target to 97-98 around. I will analyze again as soon as it reaches to my target.
Trade active
good luck traders :)Trade closed: target reached
I will update soon
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