3001 WTI: technically bear on weekly chart
WTI is struggling right now.
On weekly chart, it did not surprise traders to reach 60 straightly. It shows some bear signal on weekly chart that 54.30 could be the highest position recently.
On daily chart, we would love to follow the weekly sign to wait for a bear signal to short WTI .
It could drop down $3-$5 down to retest the bottom again.
LESS IS MORE!
On weekly chart, it did not surprise traders to reach 60 straightly. It shows some bear signal on weekly chart that 54.30 could be the highest position recently.
On daily chart, we would love to follow the weekly sign to wait for a bear signal to short WTI .
It could drop down $3-$5 down to retest the bottom again.
LESS IS MORE!
