Get started
CFDs on WTI Crude Oil
Short

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

By VasilyTrader
Updated
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!

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
Note
Check my new idea on US30:
Dow Jones (US30): Technical Outlook For Next Week
brentCrude Oil Futures WTI (CL1!)Crude OilOilSupply and DemandSupport and ResistanceCrude Oil BrentCrude Oil WTIWedge
VasilyTrader
âś…Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

đź’°Instagram: instagram.com/VasilyTrader/ đź’°

âś…Facebook: facebook.com/VasilyTrading/ âś…
Also on:

Related publications

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.