Menu Close

WTI Oil September – sell target hit




Last month we could see solid rally with top at 70. Rally lost a bit of steam but still that can be just pause for take profits. 


Buyers: will be looking for resume rally towards 71/72. Some heavy lifting will be required to push thru that resistances

Sellers: Right now rally slow down a bit. Watch for retest 70 any weakens can provide opportunity for short with target 67


Update 07/09:

Good job to any one who withstand push above 71 and take better entry. I’m out from short, will look to reenter above 69 with target 65ish. It can take a while to create setup so perhaps will try scalp / day trade rally¬†


Key resistance and turning points


https://www.barchart.com/futures/quotes/CLV18/cheat-sheet

Leave a Reply

Your e-mail address will not be published. Required fields are marked *