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T3-Consultancy

WTIOIL H1: Near term bearish outlook seen, mid term bullish

Short
WTI Light Crude Oil (BLACKBULL:WTI)  
T3-Consultancy  
BLACKBULL:WTI   WTI Light Crude Oil
Trend Analysis
1
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trendanalysis
Prices have been moving along the descending channel and is set to approach the upper bounds of the channel. Shorts may be possible at the 81.31 - 82.53 support turned resistance level. However, if prices to close cleanly above the 84.572 level, we may see a bullish move for wtioil.
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