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gNnairdA
Jan 23, 2020 2:44 AM

oil set to explode in a wedge Long

WTI CRUDE OILTVC

Description

With the bearish outlook especially with the corona-virus I don't think this wedge will mature just yet as outlined there are 3 key support areas that may provide enough momentum to break out of the wedge. With that being said, I have a feeling the corona virus will need to play out more so I think a 52ish rang is realistic.


And maybe, just maybe this creates enough momentum to complete a cup and handle. Unlikely though.

Comment

looks like the small wedge became a channel

Comments
InvestingScope
Nicely put:

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