outlook on wti oil

hey guys,

on wti oil we see that the market reached a decent level of structure looking left.

after the market approached this level, we see a clear violation of a rising channel
that the market has been following since 11th of February.

what I suggest you do now, is to wait until the market closes below 56.7 level,
it will give you an additional confirmation.

then I will be looking for selling opportunities.
my initial target will be around 55.5 level.

good luck!

Kommentera:

market is approaching the initial target!
bearish violation of this level will signify further bearish movement

Kommentera:

Standing on structure