CRUDE OIL (WTI) Important Update 🛢
Updated
As I predicted, WTI Oil dropped nicely yesterday.
The price formed a head and shoulders pattern.
To catch a bearish continuation, watch 100.3 - 102.0 horizontal neckline.
We need a 4H candle close below that to confirm the breakout.
Then, shorting on a retest, a bearish continuation will be expected to 97.2 level.
If the price sets a new high, the setup will be invalid, though.
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