US OIL (WTI/USD) – Week 29 – Correction started.
Updated
Last week, we were expecting the price to break the top once more before falling into a corrective pattern. Instead, the price dropped without breaking the top.
For next week, we expect the barrel price to correct until it hits the orange trendline and make one more drop.
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.
For next week, we expect the barrel price to correct until it hits the orange trendline and make one more drop.
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.
Trade closed: target reached
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