Oil (WTI) Short Term Outlook - add-on
For those who prefer an M15 analysis, here's a bit more short term detail for WTI.
As per my H1 analysis, I got a long bias above 51.5. Having said that, the M15 suggests I can take shorts below 52.25 because there's enough space to hit my breakeven point on the way to 51.5. So unless something drastically changes overnight, I'll be looking for short term shorts below 52.6 and then reassess at 51.5...and of course longs above 52.25.
We're smack in the middle between my H1 and M15 line in the sand (LITS) so for now I'm neutral. I doubt I'll take a trade until tomorrow
As per my H1 analysis, I got a long bias above 51.5. Having said that, the M15 suggests I can take shorts below 52.25 because there's enough space to hit my breakeven point on the way to 51.5. So unless something drastically changes overnight, I'll be looking for short term shorts below 52.6 and then reassess at 51.5...and of course longs above 52.25.
We're smack in the middle between my H1 and M15 line in the sand (LITS) so for now I'm neutral. I doubt I'll take a trade until tomorrow
