US OIL (WTI/USD) – Week 38 – Indecision territory.
Last week, the pair broke the trendline and stopped around the resistance level, despite our forecast in which we expected the price to fall from the upper channel line.
For next week, we will study the price action and decide whether the price will continue the bull run, or if it will drop. If we get a sideways move, then the chances are that we will continue the uptrend. If we get a strong bearish reaction, followed by a small correction, then we will head towards the support.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For next week, we will study the price action and decide whether the price will continue the bull run, or if it will drop. If we get a sideways move, then the chances are that we will continue the uptrend. If we get a strong bearish reaction, followed by a small correction, then we will head towards the support.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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