WTI - RANGE BOUND!
Commodities overall since last yr are on a rise as seen on commodity index, I mean look at lumber and various others the % of return has been great and this has been increasing due to inflation, lower dollar etc.
For now WTI - We are still within the range technically.
Pattern: Pennant
Support: 62.62, 60.30, 59.15, 57.20, 55.40
Resistance: 67.15, 69.75, 72.65, 75.15
A break to either direction for further clarification, the key trendline up staying above the bulls are still in control if we break below trendline up bears may start coming in.
Trade Journal
(Just a trade idea, not a recommendation)
Commodities overall since last yr are on a rise as seen on commodity index, I mean look at lumber and various others the % of return has been great and this has been increasing due to inflation, lower dollar etc.
For now WTI - We are still within the range technically.
Pattern: Pennant
Support: 62.62, 60.30, 59.15, 57.20, 55.40
Resistance: 67.15, 69.75, 72.65, 75.15
A break to either direction for further clarification, the key trendline up staying above the bulls are still in control if we break below trendline up bears may start coming in.
Trade Journal
(Just a trade idea, not a recommendation)
Nota
It's still within the range - No direction clear as for yet.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.