SHORT: Breakout Price Action
Reason:
1. The chart on Daily has already broken the critical support of the trendline. Regardless, price only goes lower.
2. On WTI Chart, now we saw pricing still have room for ranging to the upside around 62-63 dollar, there's no way it stop at 61 only. Why? NO WHY cause experience told me so.
3. The pullback on this range is possible but I give it 20% will happen this way. I can bet the market will not want it pullback due to WTI chart.
1. The chart on Daily has already broken the critical support of the trendline. Regardless, price only goes lower.
2. On WTI Chart, now we saw pricing still have room for ranging to the upside around 62-63 dollar, there's no way it stop at 61 only. Why? NO WHY cause experience told me so.
3. The pullback on this range is possible but I give it 20% will happen this way. I can bet the market will not want it pullback due to WTI chart.
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