TECHNICAL ANALYSIS: WTI CRUDE OIL – MARCH 19-23, 2018
WTI Crude Oil is in a downward trend. You can see the sideways movement on the 50-day EMA line and not make new highs that higher than 64.0 and 66.72. Which it is the confirmeation that the trend is down.
From the support level, it is expected that the price will go down to 58.98 and 56.76. If you want to short, we recommend trading at 63.18 or 64.0 and placing TP at 58.98 or 56.76 with SL around 66.72.
From the support level, it is expected that the price will go down to 58.98 and 56.76. If you want to short, we recommend trading at 63.18 or 64.0 and placing TP at 58.98 or 56.76 with SL around 66.72.