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#WTI #Crudeoil reversal?
Light Crude Oil Futures
Long
#WTI #Crudeoil reversal?
By cwmetz
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Aug 18, 2021
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Aug 18, 2021
Oil has stayed within this long term trend channel since June of 2020. Today's -3% move placed WTI at the bottom of this trend channel $64.20
If we don't get a reversal here...I don't see another good support until $62.
Crude Oil Futures WTI (CL1!)
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Trend Analysis
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