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khansalarehsan

Over 350 pips of profit on the way up for OIL but now SHORT

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West Texas Oil (OANDA:WTICOUSD)  
khansalarehsan  
OANDA:WTICOUSD   West Texas Oil
Trend Analysis Harmonic Patterns Chart Patterns
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trendanalysis harmonicpatterns chartpattern
This is CAD Weighted average. Yesterday the overall structure may have changed. The second attempt on the way up FAILED.

snapshot

Now look at the last candle on the weekly Timeframe. It broke the resistance and made a fresh higher high but failed and as we are on Friday it is probably closing red and below the resistance. This is a bearish signal. Weaker CAD is Weaker OIL.

snapshot

Thanks,

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khansalarehsan
Can OIL get to 60?
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