WTI Futures: Will Weak Demand Continue As Inflation Ease?
Hello Fellow Oil Futures Trader, Here's a Technical outlook on WTI Futures!
Support the channel by giving us thumbs up and sharing your opinions in the comment section below!
Chart Perspective
WTI Futures is breaking out of the neckline of a triangle pattern. Breaking out of this pattern indicates a potential trend continuation from previous bearish bias. The MACD Indicator already made the death cross. The death cross signals a possibility of downside movement to the target area ahead.
Macroeconomic:
1. Rate Hikes across the globe slowed down the economy, weaken commodity demand
2. China manufacturing slowdown
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ resistance area .
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the WTI Futures"
Support the channel by giving us thumbs up and sharing your opinions in the comment section below!
Chart Perspective
WTI Futures is breaking out of the neckline of a triangle pattern. Breaking out of this pattern indicates a potential trend continuation from previous bearish bias. The MACD Indicator already made the death cross. The death cross signals a possibility of downside movement to the target area ahead.
Macroeconomic:
1. Rate Hikes across the globe slowed down the economy, weaken commodity demand
2. China manufacturing slowdown
All other explanations are presented on the chart.
The roadmap will be invalid after reaching the target/ resistance area .
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the WTI Futures"
交易進行
評論:
Target 1 Reached, Will we reach the second target? :)
評論:
Breakout Latest Support
評論:
Still On Track
交易結束：目標達成:
Many months later, Crude Oil Finally Reached the second target!
相關想法
