BEARS SOLD WTI AT WM3 AT THE START OF THE WEEK AND ARE TARGETING WM1, PERHAPS TRYING TO GET PRICE TO 60.63. THE H1 CHART HAS PRINTED SOME NICE LOWER HIGHS AND LOWER LOWS, AND A RETRACEMENT TO ROLE REVERSAL RESISTANCE WILL GIVE BEARS ANOTHER CHANCE TO SHORT.

WTICrude Oil H1

MARKET IS BEARISH, 21 IS BELOW THE 55. PRICE IS BEARISH. I SEE PRICE PULLING BACK BEFORE BEARS SELL AGAIN. PRICE COULD ALSO BOUNCE OFF THE 21 AS IT COULD PLAY DYNAMIC RESISTANCE.

WTICrude Oil POST TRADE PLAN

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