WTI Oil SpotShort
USOILSPOT - SELL TOP OF CHANNEL
Not many ideas out here, in open water 🌊🏴☠️😁
Looking to explore a continuation of the downward channel, with target at the key support displayed at 62. I will take some profit at 66.75 to cover the potential of an inverse head and shoulders forming.
Potential breakout of channel is a possibility with the next move beig a bounce off the monthly up trend line.
This will be an interesting week for this commodity. The next move will setup the direction for the next few weeks.
Looking to explore a continuation of the downward channel, with target at the key support displayed at 62. I will take some profit at 66.75 to cover the potential of an inverse head and shoulders forming.
Potential breakout of channel is a possibility with the next move beig a bounce off the monthly up trend line.
This will be an interesting week for this commodity. The next move will setup the direction for the next few weeks.
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