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VasilyTrader
Jun 15, 2022 6:31 AM

CRUDE OIL (WTI) Multi Time Frame Analysis & Technical Outlook πŸ›’Β Short

WTI CRUDE OILTVC

Description

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Hey traders,

WTI crude oil is steadily growing within a rising parallel channel.
The price is coiling around its resistance for the last two weeks.

Analyzing the reaction of the price to that structure, I spotted a peculiar horizontal range on 4H.
116.6 - 118.0 is its support.
Wait for its bearish breakout as your trigger to sell.
Then a bearish continuation will be expected to 112.4

If the price breaks the resistance of the range, the setup will be invalid.

❀️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❀️

Comment

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Check my new idea on GBPUSD:
Comments
VasilyTrader
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Wait for a breakout of support,
that is your trigger to sell
ProSignalsFx
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Great Post bro!
SignalProvider
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Agree with the bearish view!
TradingExpertFx
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Good work!
UnitedSignals
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Thank you for the detailed review!
TopTradingSignals
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Noted, thank you!
EliteTradingSignals
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Valuable idea, mate!
Indonesia1945
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correct.
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