CFDs on WTI Crude Oil

Long

Shark pattern on CRUDE OIL

Updated

Possible advanced pattern on CRUDE OIL

Note

My view seems to be correct but I think we will face a correction soon

snapshot

Note

oil inside ascending triangle formation. is this a continuation or a reverse?

snapshot

Note

shark pattern is complete. i'm expecting a retrace around 49

Trade active

price perfectly bounced on 49.65 support

Note

target of this really should be 57.50

Note

2nd retest @ 49.60?

Note

this pattern is still valid. crude oil possible target is 57 for this uptrend

Note

crude oil is retesting 52.30 level (it was a resistance now is a support) before probably going up

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.