Get started
TheCryptagon

WTI CRUDE OIL Lower High Sell.

Short
CFDs on WTI Crude Oil (TVC:USOIL)  
TheCryptagon  
TVC:USOIL   CFDs on WTI Crude Oil
Trend Analysis Chart Patterns Technical Indicators Oil crude WTI Energy Commodities Crude Oil Futures WTI (CL1!) Commodities
5
1
trendanalysis chartpattern indicator oil crude wti energy cl1! commodities
WTI Crude Oil has been on Lower Highs even since the rejection on the Rising Resistance of the Megaphone pattern.

As suggested by the previous Bearish Waves, this is a sell signal, with the 4hour RSI following a similar pattern.

Sell and target 79.75 (-3.33%, symmetrical Bearish Wave), which is where the 4hour MA200 is expected to offer support.

Previous chart:

WTI CRUDE OIL Buy and target the 1day MA50.

Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!

🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰

TELEGRAM: t.me/thecryptagon
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.