WTI printed two pin bars in last two days, which means the break attempt of the downtrend proved to be false. Daily Slow Stoch gives a sell signal. On 4 Hrs price crossed below Kijun Sen.
Price will likely correct down to 101. The long term direction is still unclear. Price is stuck in a triangle. Long term play it in the direction of the triangle break.
Trade idea: Go short 103,10 - 103,80 range. Stop at 104,20. First target 101.
Price will likely correct down to 101. The long term direction is still unclear. Price is stuck in a triangle. Long term play it in the direction of the triangle break.
Trade idea: Go short 103,10 - 103,80 range. Stop at 104,20. First target 101.