Ochlokrat

WTI is going to Decline

Short
BLACKBULL:WTI   WTI Light Crude Oil
The price of WTI has recently rebounded from its significant losses. Is this the beginning of a new uptrend?
We believe: No, at least not at the current moment.
The On-Balance Volume (OBV) indicates a pronounced hidden bearish divergence.
This divergence needs to be resolved through price declines.
It is reasonable to assume that WTI will, at the very least, target the upper edge of the as-yet-untested order block.
The outcome will then determine whether the downtrend continues or a new bullish trend emerges.





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.