WTI - Short
Historically during the month of May, WTI performance net long. The recent COT report show that commercial traders are still net short but could change at any moment because balance between long and short positions. Once again with seasonality in hindsight as traders we should be wary of the that.
Technically price is below both moving averages and is further supported by price structure pattern.
Summary- Short:
Entry = 82.200
Entry 2 = 79.811
Target 1 = 79.847
Target =78.039
Plan the trade, Trade the plan!!!
Please follow and boost my ideas.
Technically price is below both moving averages and is further supported by price structure pattern.
Summary- Short:
Entry = 82.200
Entry 2 = 79.811
Target 1 = 79.847
Target =78.039
Plan the trade, Trade the plan!!!
Please follow and boost my ideas.
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