← Go back to All Blogs
Sign in to follow this  
Followers 0
  • entries
  • comments
  • views

About this blog

Hello community, I am new to the forum and would like to share my view of WTI future contract .¬†ūüôā

- We are currently monitoring H4 chart showing us Cup and Handle breakout as expected. (chart N.1) 
- Volume and trend favor the bull admit this week massive unexpected draw along with Iran and ATH indices.
- Next positional TP for bull is 63.22 - 63.74  ( 0.786 & 0.618 fib) 
- Triangle was formed on top of bull pole holding 0.236 fib (from 60.92 to 59.92) ; Breakout zone is 60.53 which will allow us to go to 63.22 -63.74 (chart N2)
- Stop loss is set at yesterday low point of head-fake 59.90
- Energy equity also showing us bullish divergence with indices surge. ( I can smell the short squeeze on this sector very soon since they remain pressurize to the downside on very low volume)

Chart 1 (H4) : https://www.tradingview.com/x/TGz5rqtV/  
Chart 2 (M45) : https://www.tradingview.com/x/FCzeW710/ 

In brief, long 60.2 with SL 59.9 . TP 63.5 
For new long buy is 60.55 breakout same TP as above . 

Good Luck, 

Entries in this blog

No blog entries have been created

Sign in to follow this  
Followers 0