US OIL (WTI/USD) – Week 23 – Expecting a drop.
Last week, US Crude Oil increased and made a new top.
In the coming days, we are expecting the price to lose momentum and start a bearish pullback. We will wait for a trendline breakout, followed by a small flag to act as our confirmation. If not, the pair could continue and rise slowly.
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.
In the coming days, we are expecting the price to lose momentum and start a bearish pullback. We will wait for a trendline breakout, followed by a small flag to act as our confirmation. If not, the pair could continue and rise slowly.
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.
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