VasilyTrader

Crude Oil (WTI) Bearish Trend Continues 🛢️

Short
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.

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