WTI Bullish Continuation on a Positive Momentum

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The POC 56.90-57.40 has formed a potential rejection area as the price is in uptrend. We should see a continuation move.

Equities are leading the way as general volatility in Forex has experienced a big drop. However, we can also find great trading opportunities in OIL. A continuation of the bullish move is expected if the price stays above W L3 camarilla pivot. Watch for 58.40 and 58.90 followed by 59.76 and 60.50.

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

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