Panjang

WTI: Where To Sell???

October was phenomenally good for WTI oil trading.

My last target for the long trade is lying on 60 level.

Those who are looking for a short trade,
focus on 60 - 61 resistance area .
this area was respected multiple times by the market in the past
and, in my view, it is the safest zone to sell.

for now, it looks like bullish tendency will remain and buyers
will keep pushing the market to the resistance line of the rising channel .

the only minor resistance on their way will be 59.0,
we can expect a minor retracement from this level and continuation to the underlined zone.

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