VasilyTrader

Crude Oil (WTI): When to Expect Bearish Wave???

Short
FX:USOIL   CFDs sur Pétrole brut (WTI)

I guess we can not deny that oil returned back to its "normal prices".
I am so surprised by how quickly the market managed to recover, though lockdowns and restrictions still continue.

I guess market participants on oil are TOO optimistic. And the optimism will inevitably lead to a correction.

On a weekly, I have identified a major resistance cluster.
That structure is based on a falling trend line and a horizontal resistance.

Most likely a pullback will be initiated from that zone. So be very careful buying and instead, look for opportunities to sell.

Can we expect a bearish wave on oil?
What is your view?

Please, support this idea with like
Thank you!

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.