CTKS Method Analysis: Oil Prices in FocusCrude oil is stuck between two structural monthly resistance lines (blue). On the daily chart, there’s a descending broadening wedge with a 50/50 breakout ratio — not very helpful as a leading indicator. A breakout could surprise the market and have a massive impact, as one of the CTKS Masterclass rules emphasizes: consolidation fuels explosions 💥
Scenarios:
🟢 Positive: Break above $72-$73 → strong bullish momentum
🟡 Neutral: Price stays between $67-$72 → consolidation
🔴 Negative: Break below $67 → potential drop toward $60
Given current conditions, I expect a neutral scenario with potential for a bullish breakout in January. Where do you think oil will end this month?
#CTKSmethod #Oil #Trading #MarketAnalysis
