Crude Oil (WTI) Strong Resistance Ahead!
Hi traders,
OPEC+ will Taper cuts and and Russia’s top producers are also preparing to increase output.
The additional supply will hit the market while the U.S continues to struggle to control fresh outbreaks of the virus.
Moreover, increase in tensions with China also hit market sentiment and prices dipped going into the close.
Technically:
Conflict area of Hull moving average and Strong resistance of $40.04 ahead.
Moreover, market also retest the broken structure of trend line.
So it indicates some bearish bias.
Recommendation: Short from current Price $39.80
Targets are: $39.00 and $37.55.
Stop should be $40.10
Every system has a limitation.
Good Luck!
OPEC+ will Taper cuts and and Russia’s top producers are also preparing to increase output.
The additional supply will hit the market while the U.S continues to struggle to control fresh outbreaks of the virus.
Moreover, increase in tensions with China also hit market sentiment and prices dipped going into the close.
Technically:
Conflict area of Hull moving average and Strong resistance of $40.04 ahead.
Moreover, market also retest the broken structure of trend line.
So it indicates some bearish bias.
Recommendation: Short from current Price $39.80
Targets are: $39.00 and $37.55.
Stop should be $40.10
Every system has a limitation.
Good Luck!
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。