US OIL (WTI/USD) – Week 15 – In the middle of nowhere.
Updated
Last week, WTI ranged the whole week and didn’t provide any proper signal for a buy or a sell, as the price is moving up and down around the support zone.
Next week, we expect the price to reach the resistance area highlighted on the chart, before falling towards to liquidity pool located in the ‘50s.
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 reach the resistance area highlighted on the chart, before falling towards to liquidity pool located in the ‘50s.
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.
Trade closed: target reached
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