Crude Oil (WTI): Technical Outlook For Next Week 🛢️

Short

WTI Rohöl CFD's (TVC:USOIL)

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TVC:USOIL WTI Rohöl CFD's

Wedge Supply and Demand Support and Resistance Oil Crude Oil WTI Crude Oil Crude Oil Brent Crude Oil Futures WTI (CL1!) brent

wedgepattern supplyanddemand supportandresistance oil usoil crudeoil ukoil cl1! brent

snapshot

Hey traders,

WTI OIL is currently trading within a falling expanding wedge pattern.
While the market stays within its boundaries we remain bearish biased.
The price started to fall from a minor horizontal resistance in the middle of the wedge on Friday.
I guess that the price may drop even lower after the market opening.

Two underlined resistances are on focus for breakout/pullback trading.

I will post an update once I see a decent confirmation.

Good luck!

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Kommentar:

Check my new idea on US30:

Dow Jones (US30): Technical Outlook For Next Week

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