WTI Possible Continuation Up If the Market Stays Above M H5

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The WTI has made a strong bullish move above M H5 Camarilla resistance and we see no signs of slowing down. Next retracement will probably be bought on the dips.

59.85-60.31 zone might be used as a new area for traders to position themselves long on intraday-intraweek timeframe. At this point we see that continuation is possible towards W H5 62.08. A close above 62.08 will target 63.50. Only if the price makes a close below W L3 59.03, we might see a deeper retracement towards 58.38.

The analysis has been done with the CAMMACD.core template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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