hello everybody. according to the technical analyze we can see the terminal trend in US oil. and i think the trend in 1D timeframe become weak and i see a correction potential for that. after we break out of disjoint channel that i draw on my chart we could have a pullback and after that go down. the first target for swing traders is around 93 94 and we can see a strengh support around 85-90 area like i illustrate in chart. PCC(point of control)is in this area and we have the MA200 here too. in addition longterm trendline is around this condition. so we have 3 important levels and support in this area (85-90). our momentum is in overbought level and going downward. dont forget to put stoploss above the last major high.
(NOTE:friends this is my personal opinion and its not a trade suggestion. please analyze in your own strategy and help me be better)
thank you all.
İşlem kapandı: hedefe ulaştı
after about 40 days that i share this idea (we are in 122$) WTI reache the first support at 95$ hope you used this opportunity.
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