CFDs on WTI Crude Oil
Short
Updated

CRUDE OIL (WTI) Bearish Move Initiates 🛢

2 038
snapshot

On our morning's live stream we discussed Oil.
It looks like the market is finally preparing for a bearish move.
On hourly time frame, the price formed a descending triangle formation - a classic reversal pattern.
Its neckline breakout is our trigger to sell.

I expect a bearish move at least to 89.5 level.

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Note
Check my new analysis on EURUSD, USDCAD, GBPCHF, SILVER:
MarketBreakdown | EURUSD, USDCAD, GBPCHF, SILVER

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