Hello traders,
As you can see from the chart above, the low at 63 last Thursday was fiercely rejected for a bounce up into the long but we are not out of the woods just yet as far as bearish dumps are concerned. Tomorrow will be a crucial start for WTI in order to determine its next short to medium term direction with key fundamentals and geopolitical machinations at play. Trade safely with conservative lot sizes until the excess volatility has moderated.
As you can see from the chart above, the low at 63 last Thursday was fiercely rejected for a bounce up into the long but we are not out of the woods just yet as far as bearish dumps are concerned. Tomorrow will be a crucial start for WTI in order to determine its next short to medium term direction with key fundamentals and geopolitical machinations at play. Trade safely with conservative lot sizes until the excess volatility has moderated.