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Mihai_Iacob

WTI outlook

Corto
West Texas Oil (OANDA:WTICOUSD)  
Mihai_Iacob  
OANDA:WTICOUSD   West Texas Oil
Technical Indicators Chart Patterns wticrude WTI wtioil wticrudeoil wtiusd wtishort WTI (Crude Oil) wtisignals wtianalysis
6
7
indicator chartpattern wticrude wti wtioil wticrudeoil wtiusd wtishort wticousd wtisignals wtianalysis
Although the price of Oil remains elevated, it doesn't convince me...
Rises are very well capped around 42.50-43 zone and I expect the price to tumble sooner or later.
A daily close under 41 would be the signal for bears and, considering the economic outlook, 35usd/Baril would not surprise me at all
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