West Texas Oilتم تحديثه WTI | $60 level to show price's hand
On Wednesday last week, we saw price rocket up and take out the $60 level, followed by two days of consolidation around those highs.
This would suggest continued bullishness in the short-term.
However, the bulls aren't building on momentum here and perhaps their new monthly highs are tenuous at best.
I'd like to see bullish price action pushing off the $60 level before I load up a long trade. Perhaps a 4-hour or 8-hour engulfing candle would do the trick.
If price closes below $60 on the daily charts, I think a run back to $58 is extremely likely.
Either way, I like WTI for a trade. If it bounces, I have a nice level to play off. If it fails here, I'll short with the same enthusiasm.
This would suggest continued bullishness in the short-term.
However, the bulls aren't building on momentum here and perhaps their new monthly highs are tenuous at best.
I'd like to see bullish price action pushing off the $60 level before I load up a long trade. Perhaps a 4-hour or 8-hour engulfing candle would do the trick.
If price closes below $60 on the daily charts, I think a run back to $58 is extremely likely.
Either way, I like WTI for a trade. If it bounces, I have a nice level to play off. If it fails here, I'll short with the same enthusiasm.
ملاحظة
Price failed to hold $60 on the daily charts, shorts down to $58 favouredأغلقت الصفقة: تم الوصول للهدف
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.