West Texas Oil
Long

WTI

139
This is WTI, and if we look at previous analyses, I predicted that when the price reached the first zone, it would rise to the major upper zone. The price then dropped and broke through Zone 1.

This time, although the price has breached the first zone, it doesn’t mean it won’t reach the upper zone. So, I now predict the price will make a very strong upward move and break through the first zone again and hit the take profit (TP).

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.