Swissy is in a clear down trend. Price is making lower highs and lower lows on the daily chart
Chart below:
Price has recently retraced and tested the Monthly Pivot Point (MPP)
Price has been unable to break the MPP on 5 occasions.
If (and it remains an if for the moment) price can break down and make a lower low through the averages, when price pulls back I will be looking to take a short position.
I will update again with the levels if and when price makes a move lower.
Chart below.
Hope you are all still long WTI.
Regards
MDT
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