• Vasily Trader

CRUDE OIL (WTI) When Will This Bullish Move Stop?! (Structure Analysis)

20% + net growth on 🟢WTI since the beginning of this year.

Bullish rally is sharp and we haven't seen a decent pullback for quite a while.

Now the price is quite close to a major monthly trend line .

Since 2008 the price perfectly respects that and we saw a strong swing moves from that.

I believe that this time at least a pullback will follow.

The area around 60.0 level can be a nice psychological zone,

pay attention to that and look for a confirmation on lower time frames.

Good luck!