West Texas Oilמעודכן WTI | $60 level to show price's hand
On Wednesday last week, we saw price rocket up and take out the $60 level, followed by two days of consolidation around those highs.
This would suggest continued bullishness in the short-term.
However, the bulls aren't building on momentum here and perhaps their new monthly highs are tenuous at best.
I'd like to see bullish price action pushing off the $60 level before I load up a long trade. Perhaps a 4-hour or 8-hour engulfing candle would do the trick.
If price closes below $60 on the daily charts, I think a run back to $58 is extremely likely.
Either way, I like WTI for a trade. If it bounces, I have a nice level to play off. If it fails here, I'll short with the same enthusiasm.
This would suggest continued bullishness in the short-term.
However, the bulls aren't building on momentum here and perhaps their new monthly highs are tenuous at best.
I'd like to see bullish price action pushing off the $60 level before I load up a long trade. Perhaps a 4-hour or 8-hour engulfing candle would do the trick.
If price closes below $60 on the daily charts, I think a run back to $58 is extremely likely.
Either way, I like WTI for a trade. If it bounces, I have a nice level to play off. If it fails here, I'll short with the same enthusiasm.
הערה
Price failed to hold $60 on the daily charts, shorts down to $58 favouredעסקה סגורה: היעד הושג
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.