WTI oil
that trades in the US has been having a good bullish trend on the daily chart
and even though it retraced yesterday to the downside, the bullish trend is
still in place. Today´s candle is showing what it appears to be a “spinning top”,
which is an indecision candlestick pattern. The commodity may try to go back up
and if it breaks above the 48.00 level, then it may try to reach the 50.00
level. To the downside, the 46.00 level may act as support but the 44.00 zone
continues being its most important support on the daily chart. The current
pullback may just be on profit taking, therefore the price of WTI oil may go
back up.
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Good tip! I'll keep it in mind.
ReplyDeleteThe pullback continues for now.
ReplyDeleteThat is good to know, thank you for sharing!
ReplyDeleteVery useful analysis.
ReplyDeleteVery helpful article.
ReplyDeleteGood review!
ReplyDeleteThank you for sharing! Helpful!
ReplyDeleteGood work.
ReplyDelete