WTI outlook

١٩ فبراير ٢٠٢٠

2 days ago we spoke about a double bottom that is forming on Oil price, with the necklike coming into place just above 52.00.
Yesterday sellers failed to regain control and the price formed a nice Pin Bar.
We favour long positions as long as the price is above 50.50, with a medium-term target of 57.50