WTI Crude Oil should finish the Bearish trend at this point as OPEC+ shall go with the supply cut, and it reached the Weekly Support level.
Trade closed manually:
Russia Stops OPEC From Making Emergency Production Cut
Comment:
If the support not broken by the end of the week my analysis will stay valid while the support keeps holding.
Trade active:
Open long position as Russia is closely studying recommendations of OPEC+ technical committee.
Comment:
Short term visit to 49.49 before continue to 68
Which will be the last ride to long trend
Which will be the last ride to long trend
Trade active:
Long term target 68 on weekly