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CFDs on WTI Crude Oil
Short
Updated

Crude Oil (WTI): Preparing For a Bearish Move

1 128
snapshot

WTI is approaching a major weekly resistance cluster.
Taking into consideration that the market is heavily overbought,
pullback will be highly probable.

To catch it, follow a rising wedge pattern on 12H chart.
Wait for its support breakout as your trigger to short.

Goal will be 70.0

Note
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Chart PatternsfuturesTrend AnalysisCrude Oil WTIWave AnalysisWTI

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Chart PatternsfuturesTrend AnalysisCrude Oil WTIWave AnalysisWTI
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.