WTI Ham Petrol CFD'leri
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Is oil trying to form a bottom

111
Despite all the geopolitical noise and the big build in oil inventory in this week report, WTI has failed to print a new low.

It's true that WTI has broken the upward channel on the weekly time frame which started from sub 42$ back on Jun 2017 as in the picture below. ideally a retest of the channel should happen to confirm the long-term reversal but I believe bulls are trying to go against all odds.

In short, a 1H candle closing above 68 is the 1st warning, as it would violate the midterm down slop in my chart and suggest the bull trend continuation

On higher time frames

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Not
the trend line is still holding, I wonder for how long tho :)

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.