CRUDE OIL (WTI) Multi Time Frame Analysis & Technical Outlook 🛢

Hey traders,

WTI crude oil is steadily growing within a rising parallel channel.
The price is coiling around its resistance for the last two weeks.

Analyzing the reaction of the price to that structure, I spotted a peculiar horizontal range on 4H.
116.6 - 118.0 is its support.
Wait for its bearish breakout as your trigger to sell.
Then a bearish continuation will be expected to 112.4

If the price breaks the resistance of the range, the setup will be invalid.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

Commentaire:

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