Crude Oil (WTI): Update & What to Look At 🛢️

16 Şub 2022

Hey traders,

WTI Oil is still coiling around a major rising trend line that we spotted on a weekly.
Though we expect a pullback from that, from a current perspective, it is too early to short.

The confirmation that you should look for to open a sell position is a bearish breakout of a support line of a rising wedge pattern.
Only then a bearish move to 88.6 / 85.0 levels will be expected.

In case of a bullish breakout of a trend line on a weekly the setup will be invalid.

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17 Şub 2022

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