• Vasily Trader

CRUDE OIL (WTI) Multi Time Frame Analysis & Technical Outlook

WTI oil reached a major daily supply cluster.

To catch a bearish move from that, follow an expanding wedge pattern on 1H time frame.

While the price is trading within its boundaries, the market remains bullish .

Bearish breakout of its support though will be a strong trigger to sell.

First support for goals will be 66.0

In case of a bullish breakout of the yellow zone,

setup will be invalid and bullish continuation will be expected.

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