WTI Oil .. Is $86 in the Future ??
Possibly as we have two potential bullish patterns in play
1. A Bullish Butterfly pattern with targets of $78 and $86.
2. A Bullish Wolfe Wave with an $80 and $86 target
So how do we play this ??
I think we will have a chance for WTI to fall to a lower price, as the US election and economic uncertainty may push WTI's price lower. On the other side middle east tensions could escalate.
That said the $69-70 area would be decent purchase... better still at $66-67, as this has previously been a demand zone.
Momentum also looks positive and exhibits some divergence.
So If it happens then it happens.
I will watch and report back.
Not investment advice. Do your own due diligence
S.
1. A Bullish Butterfly pattern with targets of $78 and $86.
2. A Bullish Wolfe Wave with an $80 and $86 target
So how do we play this ??
I think we will have a chance for WTI to fall to a lower price, as the US election and economic uncertainty may push WTI's price lower. On the other side middle east tensions could escalate.
That said the $69-70 area would be decent purchase... better still at $66-67, as this has previously been a demand zone.
Momentum also looks positive and exhibits some divergence.
So If it happens then it happens.
I will watch and report back.
Not investment advice. Do your own due diligence
S.
บันทึกช่วยจำ
Getting closer.. still want bottom panel to uptick...
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน