US OIL (WTI/USD) – Week 34 – Forming a bearish channel.
Last week, we forecasted the price to consolidate and slowly head towards to orange trendline.
For next week, we expect the pair to consolidate towards the resistance area before making another low.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For next week, we expect the pair to consolidate towards the resistance area before making another low.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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