US OIL WTI : Bullish - 2 Falling wedges + Head&Shoulders
Updated
US OIL WTI : Bullish - 2 Falling wedges + Head&Shoulders
Wti crude oil can rise higher because of current geopolitical tensions. OPEC countries have reduced their daily production of barrels of oil.
Technically:
The wolf of Zurich has detected 2 "Falling wedges" and an " inverse head & shoulders" .
These chartist patterns could raise the price of WTI oil around 96$-98$ and even up to 106$ ;
However a divergence with their ROC ( Rate fo Change ) has been detected and we could go back down to the levels indicated on the graph 81$- 79$- 73$ ,and then 67$ dollars.
To monitor EMA.50 and EMA.200 on different timesframes
be careful !
have a good day to all
Wti crude oil can rise higher because of current geopolitical tensions. OPEC countries have reduced their daily production of barrels of oil.
Technically:
The wolf of Zurich has detected 2 "Falling wedges" and an " inverse head & shoulders" .
These chartist patterns could raise the price of WTI oil around 96$-98$ and even up to 106$ ;
However a divergence with their ROC ( Rate fo Change ) has been detected and we could go back down to the levels indicated on the graph 81$- 79$- 73$ ,and then 67$ dollars.
To monitor EMA.50 and EMA.200 on different timesframes
be careful !
have a good day to all
Trade active
still valid
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Utube: youtube.com/results?search_query=the+wooz+academy
LINKEDIN : linkedin.com/in/james-d-touati-941a8ba6
X (Twitter) : wolf_zurich
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