WTI Crude Oil

OIL Bearish Continuation as Planned

I went against the big majority of long traders and it is paying off now.

Historical selling has been aligned with the present moment. Shorting above the 73.50 zone has been an excellent way to position as the market is bearish now. 69.00 is support. If we see a daily close below, we will probably reach the next support 65.00 and 64.03. Enjoy the profits.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

Published by

Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.