WTI

WTI failed to break above March’s high at $115.90 and has formed a bearish harmonic pattern . Our view on WTI is bearish on the short term, further drop will likely test the daily uptrend line.

הערה:

Oil has moved upward due to the Ban news on Russian oil.

We will place a Sell stop under the resistance at 114 targeting 110 then 105.