CRUDE OIL (WTI) Trend Following Trade Explained

By VasilyTrader
snapshot

WTI broke above a key horizontal daily/4h resistance level.

now the market retests it and we already see a formation of two dodji candles on that.

on 1H the price formed a double bottom formation and broke above its minor resistance
confirming a local bullish sentiment.

now bullish continuation is highly probable.

target levels:
42.3
43.4
brentCandlestick AnalysisCrude Oil Futures WTI (CL1!)Crude OilDouble Top or BottomfuturesOiltradingTrend AnalysisCrude Oil BrentCrude Oil WTIWTI
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