MrAbubaker

MrAbubaker Updated 

Despite all the geopolitical noise and the big build in oil inventory in this week report, WTI has failed to print a new low. It's true that WTI has broken the upward channel on the weekly time frame which started from sub 42$ back on Jun 2017 as in the picture below. ideally a retest of the channel should happen to confirm the long-term reversal but I believe...

MrAbubaker Updated 

catch the bull back if you can with great RR TP1 1.6278 TP2 1.6327 SL 1.61300

MrAbubaker Updated 

the med-term chanel to the downside is trying to test 1.5984 again, it's strong support, if it holds, that will be a nice double bottom turning the bias back to the upside for retesting 1.6357. wait and watch how it behaves there