US OIL (WTI/USD) – Week 32 – Expecting a drop below $65.
Last week, we forecasted the price to make a pullback and break the $77 top once more. Instead, it dropped without looking back.
For next week, we expect the price to consolidate underneath the resistance, before resuming the bearish trend, having a great chance to break the $65 low.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
For next week, we expect the price to consolidate underneath the resistance, before resuming the bearish trend, having a great chance to break the $65 low.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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