CRUDE OIL (WTI) Key Support Ahead! Your Plan: 🛢

2. Dez. 2021

Update for WTI Oil.
As you remember we spotted a major expanding wedge pattern on a daily time frame.
Now the price is approaching its lower boundary.

Taking into consideration that the market is trading in a long term bullish trend,
I am looking for buying opportunities at the moment.

My confirmation to buy will be a bullish breakout of a falling parallel channel on an hourly time frame.
Then the price will most likely grow at least to 72.0 level.

In case of a bearish breakout of a blue potential reversal zone,
the setup will be invalid.

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