Hi Traders,
WTI is retesting 62$ area which is the previous high since 05/2015,
Oil price has sharply increased by 47.86% since july 2017 with an avrage of 8% per month, so i expect from the buyers that they will hold thier demand and begain negociatitions actions for better price.
I will wait for retracement back to the area of 55-49$, whish are fibs levels to look for long opportunity,
Best Regards,
Omar
WTI is retesting 62$ area which is the previous high since 05/2015,
Oil price has sharply increased by 47.86% since july 2017 with an avrage of 8% per month, so i expect from the buyers that they will hold thier demand and begain negociatitions actions for better price.
I will wait for retracement back to the area of 55-49$, whish are fibs levels to look for long opportunity,
Best Regards,
Omar
