scorpiomanoj

WTI Crude Oil - Prospective positional short trade

Short
TVC:USOIL   CFD Petrolio WTI
WTI Crude Oil has completed a nice Head and Shoulders pattern breakdown in the weekly chart and has retested the breakdown zone. Currently cruising at around $67. It is comfortably placed below yearly pivot. Currently the developing yearly CPR is posing a big resistance which possibly could push the price lower. It has also gone down below the yearly virgin pivot and poised to move towards the next yearly virgin pivot at around $37 which is possibly my first target. The target based on head and shoulders pattern is around $23-$25 zone. A move above $82 will invalidated this view and will be out of my position.

Trading is my passion.
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.