WTI OIL is in a wedge which should normally break from the bottom.
I'm long on oil until it'll reach 44$ level which is also the top of the wedge. Watch out for possible fake breakout from the top.
If resistance is validated short at 44$ wit targets :
- 41.6 which will be the green support line
- 40$ which is the 4H MA 200
- 34.4$ which is the next big support.
Do not enter the trade if 40$ resistance isn't validated. SL 44.5.
I'm long on oil until it'll reach 44$ level which is also the top of the wedge. Watch out for possible fake breakout from the top.
If resistance is validated short at 44$ wit targets :
- 41.6 which will be the green support line
- 40$ which is the 4H MA 200
- 34.4$ which is the next big support.
Do not enter the trade if 40$ resistance isn't validated. SL 44.5.