CFD Petrolio WTI

13 May 2020 swift evaluation of WTI

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A swift evaluation is conducted based on a single day without look back.
WTI is currently in a bull trend.
Prices are trading in a range of approximately 4.39 points/ticks/pips per trade period.
Price strength is suggesting a possible follow on range of 23.28 - 28.70.
Prices are consolidating between 23.40 - 27.95.
If strength and trend continue, WTI is trying to reach 24.64.
It could take between 1 to 2 trade periods to reach the projection.

Suggested stops in a Bullish environment.
Last Price - (ATR * 1.5): 19.41
The trend moving average: 22.47
SAR: 16.53

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