West Texas OilShort
WTI bearish momentum continues
We've been bearish all last week on WTI, taken shorts on any valid bearish signals and lower highs that were completed.
We expect WTI to head down to the low 80$ mark for the time being.
Technically there is a big bearish breakout pattern on the 1D chart, where a valid breakout occurred followed by a retest, see attached idea.
We continue to remain bearish on WTI and sell any valid sell signals.
We expect WTI to head down to the low 80$ mark for the time being.
Technically there is a big bearish breakout pattern on the 1D chart, where a valid breakout occurred followed by a retest, see attached idea.
We continue to remain bearish on WTI and sell any valid sell signals.
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Related publications
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.