Short-term correction expected in WTI
After a brief breather at the beginning of the last trading week, WTI set out to make new medium-term highs.
After the price was able to reach the high of 13 July, the first weakness appeared.
We assume that WTI will correct in the short term and take a short position.
The target is the sellside liquidity, which is also the 61.8% retracement of the move since 17 July.
After the price was able to reach the high of 13 July, the first weakness appeared.
We assume that WTI will correct in the short term and take a short position.
The target is the sellside liquidity, which is also the 61.8% retracement of the move since 17 July.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.