WTI plan for next week
Bounce of current zone to enter a buy till 53 and then 54, or break and retest off 52.1 ish to enter more shorts but 51.7 may offer resistance.
i have drawn 2 trend lines- many people were saying oil broke its trend line but it only broke the short term trend line, on the 4hr the price is still below its trend line and bounced off it thrice this week.
My bias is bullish, I think oil will end the week above 55 but lets trade what we see.
i have drawn 2 trend lines- many people were saying oil broke its trend line but it only broke the short term trend line, on the 4hr the price is still below its trend line and bounced off it thrice this week.
My bias is bullish, I think oil will end the week above 55 but lets trade what we see.
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