Taking a look at WTI Oil i feel we could have some good trading opportunities coming up here soon.
On this chart you can see how price has been in an ascending channel and I have highlighted 2 zones that I am interested in. If we push higher back to the region of the upper channel boundary or double top then I would be monitoring price closely for sell opportunities.
If we push lower to the channel base then I would watch how price reacts as this could give us a nice buying opportunity or if it fails to hold then we could be looking to sell with further downside potential on the breakout.
Certainly one to have on the watchlist!
