WTI rising channel
A rising channel indicative of a continuation pattern. A break lower to test the 200SMA with pullback and continuation lower.
If the channel breaks to the upside then oil may go higher, though world news are not good regarding oil demand as number of virus cases spike again.
Please support the idea and share your thoughts on WTI!
Good Luck and Stay Healthy!
If the channel breaks to the upside then oil may go higher, though world news are not good regarding oil demand as number of virus cases spike again.
Please support the idea and share your thoughts on WTI!
Good Luck and Stay Healthy!
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