Long

WTICOUSD continues to rise.....

WTICOUSD continues to rise..........But not for long. The analysis shows that, like many instruments, WTI is poised for one last rise. In the short to medium term, further rises could stall. The top of the rising wave sequence that is now forming could be the resistance level of the upper ATR axis. This level is : 87.844 usd . The second part of the corrective fractal shown in the two orange squares is trapped in a narrowing ATR axis wedge. From this, the direction of the breakout could be 50%, so it is advisable to take profit at these levels. Taking a long position is recommended intraday. It is advisable to take an additional LONG position in case the wedge formation formed by the ATR axes is broken from above and retested by the price movement. Currently intraday trade target price : 87.844 usd.

meszaros

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