If it closes above 78.80 levels, then we can expect bullish movement. Watch out for the levels. If it does not break the levels, then choppy movement is expected for the day as there is no major US economic data release today.
If the price breaks above the formation then we can expect the target of 79.5, if it breaks below the formation then we can expect the crude to come down to 77. Even the inventory released yesterday is negative for USOIL. Let's see how it goes. Maintain strict SL as it may go sideways too.
Owing to geopolitical tension around the globe, can expect WTI to trade around 90$ during next week. In 15mins chart, we can see the ''W'' recovery pattern. Can expect an upside movement to 90$. If the situation worsens in war, it will move beyond that.
Disclaimer : Trade as per your risk level.
