When WTI crude corrected from 130 to 93, a lot of traders shorted the crude with a view that it had peaked . If the prices challenge the 125 mark it could trigger massive short covering that will take WTI crude to 147.
Tuesday, March 22, 2022
WTI Crude Correction Could Be Over, Uptrend To Resume
Yesterday, I posted my trade plan on WTI Crude Oil in my Telegram Stock Chat Group when WTI crude was at 108.
Today, WTI Crude futures surged to high of 115 (up more than 2%) hitting my first target . The correction for crude could be over, and it’s poised to challenge the last high at 130.
All posts and charts are for educational and illustration purposes only
at 10:37:00 AM