Crude Oil (WTI) Bearish Trend Continues 🛢️

TVC:USOIL   CFDs on WTI Crude Oil

Weekly update for WTI Crude Oil .
From the beginning of September, the market was forming a descending triangle formation - a classic bearish accumulation pattern.
Its support was broken on Friday last week.

I believe that it will trigger a further decline.
Next supports: 74.5 / 71.5 levels.

For entries, consider a confluence zone based on a trend line of a triangle and its neckline.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.