WTI has completed a bearish pennant - Retesting higher levels
For the fourth week in a row, last week oil fell.
Technically, WTI has completed a bearish pennant. That pattern is normally followed by an upward correction which, in this case, means it could retest the $30 level.
I recommend you to go bull to 29-30$ levels during this week.
Technically, WTI has completed a bearish pennant. That pattern is normally followed by an upward correction which, in this case, means it could retest the $30 level.
I recommend you to go bull to 29-30$ levels during this week.
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Got the ascending channel, hope it helped you guys!