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CRUDE OIL (WTI) Key Resistance Ahead! Your Plan to Short 🛢️
CFDs on WTI Crude Oil
Short
CRUDE OIL (WTI) Key Resistance Ahead! Your Plan to Short 🛢️
By VasilyTrader
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Updated
May 13, 2021
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May 12, 2021
Crude oil is very close to a year's high.
66.3 - 68.0 is a strong supply area.
Chances will be high to see a pullback from that structure.
To short it wisely, wait for a bearish breakout of a rising wedge pattern.
It will be a perfect confirmation.
Goal will be 62.3 (closest strong support)
In case of a bullish breakout of the underlined structure,
the market will go to the next historical highs.
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May 13, 2021
Note
Check my new idea on NZDUSD:
brent
futures
Oil
Supply and Demand
Support and Resistance
Wedge
WTI
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