In this video update, we take a look at WTI as price has retraced back to the key $60.00 level.
With price holding a 50% fib confluence at this level we could expect the market to move
lower from here. The 4hr chart is highlighting a double top pattern and if price can break below
$58.00 we should see some further short selling enter the market.
With price holding a 50% fib confluence at this level we could expect the market to move
lower from here. The 4hr chart is highlighting a double top pattern and if price can break below
$58.00 we should see some further short selling enter the market.
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