Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
CRUDE OIL (WTI) Trend Following Trade Explained
CFDs on Crude Oil (WTI)
Long
CRUDE OIL (WTI) Trend Following Trade Explained
By VasilyTrader
Follow
Follow
Aug 6, 2020
6
2
Cheer
Cheer
2
2
Aug 6, 2020
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
brent
Candlestick Analysis
Crude Oil Futures WTI (CL1!)
Crude Oil
Double Top or Bottom
futures
Oil
trading
Trend Analysis
Crude Oil Brent
Crude Oil WTI
WTI
VasilyTrader
Follow
Follow
✅Join My Telegram Channel:
t.me/VasilyTrading
❗️YouTube Channel
youtube.com/c/VasilyTrader
💰Instagram:
instagram.com/VasilyTrader/
💰
✅Facebook:
facebook.com/VasilyTrading/
✅
Related publications
AUDCAD: Flag Pattern & Trading Plan for Today!
by VasilyTrader
USDCAD: Fib.Analysis & Key Levels
by VasilyTrader
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
.