#wti (us oil) outlook:
WTI found strong support just under 50 psychological figure.
The price has formed a double bottom in this area and now is trading at the neckline resistance.
A daily close above this resistance would confirm the pattern and would expose 55 resistance which can also be the target for long trades.
If you want to see how I trade US OIL , with Entry Point, SL, TP, money management and constant position updates, JOIN MY PREMIUM TELEGRAM CHANNEL!
More info: @manufxt
WTI found strong support just under 50 psychological figure.
The price has formed a double bottom in this area and now is trading at the neckline resistance.
A daily close above this resistance would confirm the pattern and would expose 55 resistance which can also be the target for long trades.
If you want to see how I trade US OIL , with Entry Point, SL, TP, money management and constant position updates, JOIN MY PREMIUM TELEGRAM CHANNEL!
More info: @manufxt
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