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Tuesday, May 18, 2021

⚠️ Crude Oil: market maker loss as strategic growth target.

⚠️ Crude Oil: market maker loss as strategic growth target.

WTI CRUDE OIL TVC:USOIL

✍️ Last week's long drawdown of the balance of the week (64.00) paid off, and the rally started on Monday, May 17, and is now headed in the direction of the medium-term trend.
The balance of the week itself dynamically rose to 64.50, which also confirms the uptrend.
The nearest important support for today is the Buyers Limit level (65. 40 ).
🌐 In case of correctional decline to the mentioned support and formation of pattern on rise we expect continuation of rally with intraday target,- limit seller (67.39).
The next resistance will be the level of loss of the market-maker (67.70).
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