CRUDE OIL (WTI) Multi Time Frame Analysis & Technical Outlook ðĒ
TVC:USOIL
āļŠāļąāļāļāļēāļāļēāļĢāļāļ·āđāļāļāļēāļĒāļŠāđāļ§āļāļāđāļēāļāļāđāļģāļĄāļąāļāļāļīāļ WTI
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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