CFDs on WTI Crude Oil
Short

US CRUDE OIL (WTI): Peculiar Pattern! Do You See It?

907
USOIL has formed a cup and handle pattern at a key resistance level, with the market now testing the neckline.

A break and close below this level could signal a bearish reversal, with sellers aiming for a target of 68.93.

To confirm a breakout, a 4-hour candle close below the neckline is needed.

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.