WTI Crude Oil is approaching a solid demand area. To catch a bullish move from that, watch the reaction of the price to the resistance line of a falling parallel channel. If the price breaks and closes above that, we will expect a bullish movement at least to 104.5 level.
Alternatively, bearish violation of the yellow zone will trigger a further decline.
Good luck next week, traders!
❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
I think a push to 107.90/108.70 before the true dump.
ugh2022sucks
⋅
@ORACLE_MARKETS, I 2nd this
ugh2022sucks
⋅
Did you see the reverse HnS pattern that it formed also? That's another reason why I am also bullish on Oil and not just because its over sold at the moment.
VasilyTrader
⋅
@ugh2022sucks, I don’t see the h&s Please, show me your chart
ugh2022sucks
⋅
@VasilyTrader, Oh sorry I was looking at a different ticker symbol. Whoops!
God_of_Money
⋅
Wonderful Analysis . Thank you ^^
ERNY
⋅
Great stuff. Many Thanks,
JoeChampion
⋅
Great work buddy, i will wait for breakout and buy retrace