WTI - Trend weakens, pullback is likely
Daily MACD, and 4 Hrs Ichimoku setup tells us WTI bull run is likely ending, and oil starts to consolidate.
My bet is we will see a correction down to 99,25 - 99,50 levels, but until px holds above 101, it will just move sideaway first.
Take profit on all longs, and buy April Put options when px tries to pop up towards 102,75 - 103. Short outright if 101 breaks. update: buy May 99,50/95 put spread at 1
My bet is we will see a correction down to 99,25 - 99,50 levels, but until px holds above 101, it will just move sideaway first.
Take profit on all longs, and buy April Put options when px tries to pop up towards 102,75 - 103. Short outright if 101 breaks. update: buy May 99,50/95 put spread at 1