WTI watch out for a reverse
WTI is for now still in strong move up and it wouldn't be a good timing to short now.
However i would look out on continuation into the 85$/90$ long term resistance in order to try for a short trade.
Before entering i would wait for the MACD to turn red and upper BB to start closing, until this 2 conditions are not meet, there is no question to short this market. Lower target would be to pullback into 76$ support area.
This will be interesting to follow next week.
However i would look out on continuation into the 85$/90$ long term resistance in order to try for a short trade.
Before entering i would wait for the MACD to turn red and upper BB to start closing, until this 2 conditions are not meet, there is no question to short this market. Lower target would be to pullback into 76$ support area.
This will be interesting to follow next week.
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