An important point for oil
This week will be important for WTI. From a fundamental point of view, we expect news related to production.
Technically, we expect a break in the current consolidation and the break will determine the direction of entry.
At the moment, the more probable scenario seems to be a break of the support at 44.66 and a continuation of 43.30!
In order to confirm the trade, it is recommended to look for an entry after the break!
If the resistance breaks, we would expect the upward movement to continue.
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
Technically, we expect a break in the current consolidation and the break will determine the direction of entry.
At the moment, the more probable scenario seems to be a break of the support at 44.66 and a continuation of 43.30!
In order to confirm the trade, it is recommended to look for an entry after the break!
If the resistance breaks, we would expect the upward movement to continue.
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
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