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Light Crude Oil Futures
Long

Oil update: still long-term bullish

175
Supply spike suggests short term testing, but breakout confirms overall long term uptrend

WYCKOFF STORY
OUR LONG TERM BULLISH CALL FROM 17/10 STILL STANDS WITH INITIAL $62-63 TARGET REACHED
ANTICIPATED PRICE ACCELERATION AT BREAKOUT OCCURRED ON SUPPLY SPIKE (NEWS RELATED)
WHICH STILL NEEDS TO BE TESTED, BUT SUPPLY IS LOWER THAN AT THE DRONE ATTACK (MID-SEPTEMBER)
TRENDLINE ANALYSIS SUGGESTS $67-69 AS THE NEXT TARGET
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Crude Oil Futures WTI (CL1!)OilSupply and DemandSupport and ResistanceTrend Lineswyckoffwyckoffmethod

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Crude Oil Futures WTI (CL1!)OilSupply and DemandSupport and ResistanceTrend Lineswyckoffwyckoffmethod
Wyckoff_Analytics
Wyckoff Method Trading and Education
wyckoffanalytics.com/
Stocks, Commodities, Indexes,
Cryptocurrencies
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.