VasilyPonomarev
Long

WTI: BULLISH FORECAST AND TRADING PLAN

FX:USOIL   CFDs on Crude Oil (WTI)

WTI is still in a clear bullish trend ,
after establishing new higher high around 67 level we see a steady market correction.

on a daily chart we see that the market has finally reached a significant demand zone
based on the horizontal structure support on the left + vertical support of a rising channel .

on 4H chart we see a classic bullish flag pattern and formation of a head and shoulders pattern.

OUR PLAN IS:
Wait and buy bullish breakout of a neckline,
after a bullish breakout the price will most likely retest the higher high!

Good luck!
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