4 Hrs chart clearly tells us Bullish momentum is lost, WTI started to consolidate.
Based on daily chart there is good chance we might see a corrective move to 99,30 support area.
It worths to watch. In case px breaks below 101,20, the move can be very quick.
For now I recommend TP on longs, and buy May 99,50/95,00 Put spread as initial bearish bet. Outright short recommended only with valid break of 101,20.
Based on daily chart there is good chance we might see a corrective move to 99,30 support area.
It worths to watch. In case px breaks below 101,20, the move can be very quick.
For now I recommend TP on longs, and buy May 99,50/95,00 Put spread as initial bearish bet. Outright short recommended only with valid break of 101,20.