Crude oil mid-term trading outlook
WTI crude oil prices rose significantly with a very modest rally in the last few sessions!!
on D chart, we can see that the price seems to form an inverse pattern of head and shoulders (Unusual) suggesting a possible continuation of the signal with a positive trend.
however, the move may be corrective because the price may form a continuation pattern or (Pullback) to the downside..!!
the potential targets are fibo50% and Fibo61.8%
Taking into account the previous AREA GAP DOWN. :=)
P.S.
Personally. I work only intraday:=)
Good Luck Folks.
on D chart, we can see that the price seems to form an inverse pattern of head and shoulders (Unusual) suggesting a possible continuation of the signal with a positive trend.
however, the move may be corrective because the price may form a continuation pattern or (Pullback) to the downside..!!
the potential targets are fibo50% and Fibo61.8%
Taking into account the previous AREA GAP DOWN. :=)
P.S.
Personally. I work only intraday:=)
Good Luck Folks.
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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.
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.