TradingView
VasilyTrader
Oct 9, 2023 1:23 PM

CRUDE OIL (WTI): Will The Gap Be Filled?!🛢️ Short

WTI CRUDE OILTVC

Description



WTI Oil opened with a huge gap up due to the Israeli - Palestinian conflict.
As you know, the is always up to 80% chance that the gap will be filled.
For us, it can be a nice shorting opportunity.

To trade that with a confirmation, focus on 84.5 - 85.0 area.
That is a minor intraday support that is based on gap close level
and recent historical price action.

My bearish confirmation will be a 4H candle close below that - its breakout.
I will anticipate a bearish movement to 83.1 - gap opening level.

As always, pay close attention to events.
A new higher higher higher close will indicate the escalation of the conflict.

❤️Please, support my work with like, thank you!❤️
Comments
TheSignalyst
totally agree! cheers mate
VasilyTrader
Do you agree with my analysis?
JoeChampion
Nice Vasily!
dinhhuonggf
Good analysis!
aliamallalher
Is make symmetric triangle on 1 hours wait to break
dresipent
I think no, as long as war continuous.
More