VasilyTrader

CRUDE OIL (WTI): Consolidation & Complete Indecision 🛢️

Short
TVC:USOIL   CFD sur PĂ©trole brut WTI

WTI Crude Oil is consolidating within a range on a daily since the beginning of November.
Depending on the reaction of the price to its boundaries, I see 2 potential scenarios.

Bullish Scenario
If the price breaks and closes above 80.85 - the upper boundary of the range,
I will anticipate a growth to 82.50.

Bearish Scenario
In case of a breakout of 72.20 support, we may anticipate a bearish movement
to 87.35 level.

Wait for a breakout, that will give you a strong bullish or bearish confirmation.

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