US OIL (WTI/USD) – Week 24 – Waiting for a trendline breakout.
Last week, US Crude Oil slowly increased and made new higher highs.
The way it is developing it looks like the bullish rally is starting to slow down. This is a sign that any time the price could start falling. In this case, in the coming week we would expect a trendline breakout followed by a small pullback that will represent the trigger for the bearish move.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
The way it is developing it looks like the bullish rally is starting to slow down. This is a sign that any time the price could start falling. In this case, in the coming week we would expect a trendline breakout followed by a small pullback that will represent the trigger for the bearish move.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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