CRUDE OIL (WTI): Potential Scenarios For Next Week 🛢️

TVC:USOIL   CFDs on WTI Crude Oil

Crude Oil is consolidating after a strong bullish wave.
The price formed a horizontal range on a daily.

Next week, wait for a breakout of one of the boundaries of the range for a confirmation.

Bearish violation - a daily candle close below a support of the range, will give you a strong
bearish signal. A bearish continuation will be expected to 83.0 level then.

Alternatively, a bullish breakout of the resistance of the range - a daily candle close above,
will push the prices higher to 89.0 level.

Wait for a breakout, it will give you a strong confirmation.

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