WTI is Bearish and Next Move Will Be Decided Soon

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Hi traders,

The WTI stands at important POC zone. The confluence should provide the market with either renewed selling or a bullish breakout

Strong confluence of W H3, 2/8 Murrey Math, and bearish order block within the 52.30-53.15 zone should be decisive for the pair. A reversal from the zone should provide additional bearish momentum towards 50.00, a strong psychological level all the way towards 46.50 zone. However a close above 53.15 would suggest a stronger bullish retracement towards 54.69 with 57.80 as the final target. So its either make it or break it for the WTI.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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