Interesting occasion for WTI Crude Oil -0.21%. The price hits the dynamic resistance RD1 in a millimeter way and between 0.58% the other with the extreme speed typical of a level test movement, and this happened after the extremely negative data on US oil stocks came out. This movement against the trend makes me think of a preparation for a strong fall, a bit like a run-up before resuming the descent.
What I expect is a rebound on RD1 to aim first at S1 and then at S2. They are certainly two ambitious targets because it is a 5% and 11% profit. My 0.20% trading idea is therefore definitely bearish. As always ... we'll see.
What I expect is a rebound on RD1 to aim first at S1 and then at S2. They are certainly two ambitious targets because it is a 5% and 11% profit. My 0.20% trading idea is therefore definitely bearish. As always ... we'll see.