CRUDE OIL (WTI) Bearish Move Initiates 🛢

Short

CFDs on WTI Crude Oil (TVC:USOIL)

Updated

TVC:USOIL CFDs on WTI Crude Oil

Triangle Pivot Points Economic Cycles WTI Crude Oil Crude Oil WTI Crude Oil Brent Crude Oil Futures WTI (CL1!) crudeoilwti brent

triangle pivotpoints economiccycle wti crudeoil usoil ukoil cl1! crudeoilwti brent

snapshot

On our morning's live stream we discussed Oil.
It looks like the market is finally preparing for a bearish move.
On hourly time frame, the price formed a descending triangle formation - a classic reversal pattern.
Its neckline breakout is our trigger to sell.

I expect a bearish move at least to 89.5 level.

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MarketBreakdown | EURUSD, USDCAD, GBPCHF, SILVER

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