A revenge for Bears in Crude Oil

٨ يناير ٢٠١٨

Price of Crude Oil (WTI) has gone too far without an important retracement. As speculations and news are no longer a factor. I expect 62.5 to be a major resistance so we are entering a short position once we confirm RSI below 70 on the daily chart aiming for a 58.5 level and perhaps lower.

I think we have reached a crucial point, let's stay close on this move.

١٠ يناير ٢٠١٨

ملاحظة

We are not getting any confirmation to enter short. Let's wait for tomorrow and check on the EIA inventory report.