WTI OIL is currently trading within a falling expanding wedge pattern. While the market stays within its boundaries we remain bearish biased. The price started to fall from a minor horizontal resistance in the middle of the wedge on Friday. I guess that the price may drop even lower after the market opening.
Two underlined resistances are on focus for breakout/pullback trading.
I will post an update once I see a decent confirmation.
Good luck!
❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.