US OIL (WTI/USD) – Week 16 – Critical point.
Updated
Last week, WTI respected our analysis and reached the $63 resistance level.
Next week, we expect the price to lose some momentum and start another bearish move that could push the barrel price towards the liquidity pool area.
Keep an eye on Wednesday’s weekly EIA stocks report as it may have an impact on this asset.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Next week, we expect the price to lose some momentum and start another bearish move that could push the barrel price towards the liquidity pool area.
Keep an eye on Wednesday’s weekly EIA stocks report as it may have an impact on this asset.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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