CRUDE OIL (WTI) Important Bearish Clues!!!

Short

CFDs on WTI Crude Oil (TVC:USOIL)

Updated

TVC:USOIL CFDs on WTI Crude Oil

Trend Analysis Chart Patterns Wave Analysis futures Commodities swing Oil Crude Oil WTI brent Crude Oil Brent Technical Analysis

trendanalysis chartpattern waveanalysis futures commodities swing oil crudeoil wti brent ukoil technicalanalysis

snapshot

Crude oil is retesting a broken support line of a rising wedge pattern.

the price went rejected this night from that and now it is forming a beautiful high momentum bearish engulfing candle.
this candle indicates a strong selling pressure from the identified resistance cluster.

chances are high that the price will keep falling.

target levels:
39.0
38.12

Trade closed: target reached:

Check my new analysis on EURUSD!!!

EURUSD: Multi Time Frame Analysis & Important Breakout

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