CRUDE OIL (WTI) Year's High Ahead! Important Update 🛢
Updated
Hey traders,
WTI Oil is approaching a key weekly/daily structure resistance.
76.8 - 77.2 is our potential reversal zone.
Being heavily overbought, we may catch a pullback from that.
Our confirmation will be a bearish breakout of a rising channel on 4h.
In case of a 4H candle close below its support, a bearish continuation will be expected.
Goals will be: 74.0/73.0
Alternatively, in case of a daily candle close above the underlined zone, a bullish continuation will be expected.
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