WTI/USD – Week 2 – Still in bullish territory

Crude Oil rallied to new highs in the last couple of days to close at a nine-month high. The structure has changed a bit from our last outlook, as we now expect a small sideways move to re-test the trendline, before resuming the bullish trend. In the next couple of weeks, we expect the price to start a deeper pullback in order to gather more momentum for the continuation of the weekly trend.
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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