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CFDs on WTI Crude Oil
Long

CRUDE OIL (WTI) Preparing to Buy! My Trading Plan 🛢

By VasilyTrader
Updated
snapshot

Hey traders,

WTI is approaching daily/intraday zone of demand.

To catch a bullish move with a confirmation,
watch a double bottom formation on 1H.

71.1 - 71.5 is its neckline.
Wait for its bullish breakout (1H candle close above),
they buy aggressively or on a retest.

The first goal will be 72.9

In case if the price respects a neckline and sets a new lower low on hourly, the setup will be invalid.

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Note
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brentCrude Oil Futures WTI (CL1!)Crude OilDouble Top or BottomMultiple Time Frame AnalysisOilSupply and DemandCrude Oil BrentCrude Oil WTIWTI
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