The price is below the important resistance levels 70.26, 69.75 and moves within the descending channel on the daily chart (see also "Fundamental Analysis and Recommendations")
Break of short-term support level 68.82 will be another confirmation signal in favor of resuming short positions with targets at key long-term support levels 64.50, 61.40.
A break of the 53.80 support level will bring WTI oil back to the bear market.
In an alternative scenario, the breakdown of the 69.75, 70.26 resistance levels will become a signal to open long positions with targets at the local resistance level of 73.80.
Trading recommendations
Sell Stop 68.50. Stop-Loss 69.60. Take-Profit 67.00, 66.00, 64.50, 61.40, 60.00, 56.40, 53.80
Buy Stop 69.60. Stop-Loss 68.50. Take-Profit 69.75, 70.26, 71.00, 73.80, 74.00, 75.00, 76.20
*) WTI: Current Fundamental Analysis and Market Expectations
**) the most up-to-date "hot" analytics and trading recommendations (including entries into trades "by-the-market") - https://t.me/fxrealtrading
