Bullish Sign: Oil going to hit a yearly new high
USWTI most likely to close a red daily on 10/20 today, while it is more like a pull back to the previous wedge bound (upper bound near 40.6).
Since the break out the wedge on 10/18, the previous short position has triggered the SL. It is a good chance to long right now at the moment with a 50 pips SL. It is likely to hit a yearly new high around 53.
Since the break out the wedge on 10/18, the previous short position has triggered the SL. It is a good chance to long right now at the moment with a 50 pips SL. It is likely to hit a yearly new high around 53.
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