wti approaching a significant level of resistance

hey traders,

the beginning of 2019 is very bullish for wti!
the market has already broken multiple levels of resistance and
continues its steady movement in a rising channel.

right now the market is very close to a resistance line of a channel.
looking left on a daily we see that the market is very close to a new significant resistance area between 59.0-60.0

I will be looking for selling opportunities as soon as the market approaches this zone.

inside this area, I will be looking for confirmation signals on lower timeframes!

the initial target will be based on structure and channel support line.

good luck!

Yorum:

clear rejection of 59 level

Yorum:

market is entering the zone
now we are looking for a confirmation