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VasilyTrader
Sep 9, 2020 9:14 AM

CRUDE OIL (WTI) Bullish Reaction is Highly Probable! Here is Why Long

Crude Oil (WTI)FXCM

Description



WTI reached strong daily structure support.
though I can not say that it is the major zone of demand,
the market is oversold after a massive selloff and pullback will be highly probable.

on hourly, the price formed a double bottom formation and successfully broke and closed above its minor resistance.

I will buy the market on retest aiming at 38.3 level

good luck
Comments
VasilyTrader
Do you agree with my forecast?
ProjectSyndicate
got a similar outlook, let's see what we get now.
VasilyTrader
@ProjectSyndicate, good my friend!
DLavrov
It makes sense! Agree with you! Very nice trading idea)
UnknownUnicorn4762443
Excellent idea. dear bro
VasilyTrader
@SEYED98, thank you bro!!!
ChestAndBiceps
I was checking oil by myself and thought of exact same scenario of an upcoming bullish. Now seeing your analysis I thought to trade some oil ;)
VasilyTrader
@ChestAndBiceps, good my friend!
FUNTRADER-Vera
Looks good to me.
I have similar idea on OIL.
VasilyTrader
@FUNTRADER-Vera, thank you 🙏
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