Crude oil (WTI) created strong downtrend and continues. If we see weekly and monthly charts then we can see this candles as downside direction.
But I don't think that it will go more down without any corrective waves. Firsly, we have to wait for 78.15 max then price will continue own movement again.
My targets for longterm are 71.91, 69.28 and 65.80.
Note: trading with commodities carries high risks.
But I don't think that it will go more down without any corrective waves. Firsly, we have to wait for 78.15 max then price will continue own movement again.
My targets for longterm are 71.91, 69.28 and 65.80.
Note: trading with commodities carries high risks.
