CRUDE OIL (WTI) Bearish Pattern Explained🛢
WTI Crude Oil has recently reached a key horizontal resistance.
Testing that, the price formed a head and shoulders pattern.
Its neckline was broken yesterday.
The price is currently retesting that.
I believe that selling volumes are currently accumulating.
Probabilities are high that we will see a bearish move soon.
Goals will be: 69.87 / 68.11
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Related publications
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.