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Don_Hawkish

OUTLOOK for WTI Crude Oil

Long
U.S. DOLLAR / WTI CRUDE OIL (FX_IDC:USDWTI)  
Don_Hawkish  
FX_IDC:USDWTI   U.S. DOLLAR / WTI CRUDE OIL
Support and Resistance Trend Lines Parallel Channel Supply and Demand supplydemandanalytics support breakout
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supportandresistance trendline parallelchannel supplyanddemand supplydemandanalytics support breakout
By using the Daily timeframe, we get a market structure that we can use as a benchmark for predicting the direction of price movements. Where currently WTICOLS has experienced a trend line breakout, where prices have been able to pullback. It is predicted that the price will experience a pullback for the second visit, to be able to continue rising. However, if there is no pullback, the price can continue to rise, with the condition that it can be confirmed the previous highest breakout level.

Best Regards,

Don_Hawkish
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