Interesting levels to watch in WTI OIL
Hi Folks:
Here's my view on the USOIL (WTI). As you can see on the cart we are approaching to a previous candle low and a possible descending channel support trendline (see black arrow).
Further down we have some alternative support areas (lower black arrow) before hitting the previous low at 75.
So far we need to focus on both areas as the market seems to be correcting due to worsening fundamentals.
Cheers!
USOIL
-------------------------------------------------
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Here's my view on the USOIL (WTI). As you can see on the cart we are approaching to a previous candle low and a possible descending channel support trendline (see black arrow).
Further down we have some alternative support areas (lower black arrow) before hitting the previous low at 75.
So far we need to focus on both areas as the market seems to be correcting due to worsening fundamentals.
Cheers!
USOIL-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
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