ANALYSIS: WTI TRADING OPPORTUNITIES
We are currently looking for long opportunities on Crude Oil and price is currently heading back to the minor
resistance level of 62.50. A breakout of this resistance will be ideal for looking for long opportunities in line
with the weekly timeframe. However, because the 4hr timeframe is range bound we could see a rejection of
the minor resistance and price find support back the key lows. This will offer us a better reward to risk
profile.
resistance level of 62.50. A breakout of this resistance will be ideal for looking for long opportunities in line
with the weekly timeframe. However, because the 4hr timeframe is range bound we could see a rejection of
the minor resistance and price find support back the key lows. This will offer us a better reward to risk
profile.
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