Long

CRUDE OIL (WTI) Important Decision Ahead! Your Plan: 🛢

Updated

Hey traders,

WTI Crude Oil is approaching a major daily demand area.
Depending on the reaction to the underlined structure, I see 2 potential scenarios:

If you want to buy WTI, I would suggest watching a falling wedge pattern on a daily.
Its bullish breakout will trigger a bullish continuation at least to 104.6.
(we need at least a daily candle close above that to confirm the breakout)

If you want to short, I would suggest waiting for a bearish breakout of 93.0 - 95.0 area.
Daily candle close below that will trigger a bearish continuation to 87.5 - 90.0 area.

Wait for a breakout and only then follow the market.

What do you expect?

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