Instrument : WTI
Possible direction : Bullish
Technical Analysis : Early this month WTI opened with a gap and was in consolidation and finally price has filled that gap and bounced from the long term support zone. As there is strong illiquidity grab and filling out of gab, WTI may start its uptrend and may continue to rise. Upon retest of the previous resistance...
Crude oil rallied a lot amid tensions between Russia and Ukraine. If war breaks out, crude oil will continue to rise.
According to technical analysis, crude oil is expected to continue to rise a little and then start to fall.
Judging from the KDJ indicator, there will soon be a top divergence and then start to decline.
WTIUSD is already overbought and is expected...
Frankly speaking, I do not think so. On high correlation between S&P 500 and WTI crude oil price - www.uvm.edu
If we combine both assets into one instrument we will see it fights the balance point - Demark monthly pivot.
There was also research done which showed that the entire forex market lags by a few seconds after stock indices. I do not even mention even...
