WTI - Long term trend remains bullish ! Energy outperformance!
Since that historic sell off in crude last year, we've seen price steadily go up without any big correction.
Even the correction from August to September was quite shallow, indicating the bulls are in power and there to say!
On the smaller TF looks like we're finishing an Ending Diagonal now so a pullback down to 57-59 zone could be seen.
I won't go blindly shorting this though ! I will wait for price to reach the 66-67 zone and see how it behaves there before making my move.
A break above 66-67 opens the road to higher prices towards 76 at first, followed by 110 and probably even 140 !
Even the correction from August to September was quite shallow, indicating the bulls are in power and there to say!
On the smaller TF looks like we're finishing an Ending Diagonal now so a pullback down to 57-59 zone could be seen.
I won't go blindly shorting this though ! I will wait for price to reach the 66-67 zone and see how it behaves there before making my move.
A break above 66-67 opens the road to higher prices towards 76 at first, followed by 110 and probably even 140 !
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Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !