VasilyTrader

CRUDE OIL (WTI): Time For Pullback

Short
TVC:USOIL   CFDs on WTI Crude Oil

As I predicted yesterday, WTI Crude Oil bounced and reached a key daily resistance.

After the test of the underlined blue structure, the market started to consolidate
and formed a head and shoulders pattern on an hourly time frame.

Bearish breakout of its neckline is a strong bearish signal.
It indicates that the market may retrace from the resistance.

Goals: 80.0 / 79.6

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