Crude oil is very close to a year's high.
66.3 - 68.0 is a strong supply area.
Chances will be high to see a pullback from that structure.
To short it wisely, wait for a bearish breakout of a rising wedge pattern.
It will be a perfect confirmation.
Goal will be 62.3 (closest strong support)
In case of a bullish breakout of the underlined structure,
the market will go to the next historical highs.
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Related publications
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.