US OIL (WTI/USD) – Week 36 – Expecting another drop soon.
Last week, we correctly forecasted the price to continue the bullish move towards the trendline.
For next week, we will have to monitor the price action to see if we will break the trendline and head towards the $70 level, or if we will get a rejection and start a reversal.
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 will have to monitor the price action to see if we will break the trendline and head towards the $70 level, or if we will get a rejection and start a reversal.
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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