Technical outlook and chart setups: Oil trades bear 50.89, which will define the next big move today since contradiction between technical indicators increased. The bullishness remains available due to trading above 48.05 and 48.90, while risk versus reward ratio is inappropriate. As far as 50.00 hold, we will be bullish, but we will avoid trading now until we get more confirmation. Support: : 50.00 – 49.45 – 48.90 Resistance: : 50.90 – 51.70 – 52.65 Direction: Bullish attempt, but we will avoid trading
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HELLO DEAR FRIENDS, ALTHOUGH WTI OIL BULLISH ATTEMPTS BUT WE ARE AVOID TO TRADES LONG, EVEN WEEKLY CHARTS ALSO INDACTING REVARSAL IS NEAR.