US OIL (WTI/USD) – Week 42 – Expecting a pullback.
Last week, the pair continued the uptrend and broke the $80 level.
For next week, we expect the price to enter a bearish phase and reach the bottom channel line. This move is expected to act as a short-term consolidation.
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 expect the price to enter a bearish phase and reach the bottom channel line. This move is expected to act as a short-term consolidation.
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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