VasilyTrader

CRUDE OIL (WTI): Consolidation & Complete Indecision 🛢️

Short
TVC:USOIL   CFDs on WTI Crude Oil

WTI Crude Oil is consolidating within a range on a daily since the beginning of November.
Depending on the reaction of the price to its boundaries, I see 2 potential scenarios.

Bullish Scenario
If the price breaks and closes above 80.85 - the upper boundary of the range,
I will anticipate a growth to 82.50.

Bearish Scenario
In case of a breakout of 72.20 support, we may anticipate a bearish movement
to 87.35 level.

Wait for a breakout, that will give you a strong bullish or bearish confirmation.

❤️Please, support my work with like, thank you!❤️

âś…Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

đź’°Instagram: www.instagram.com/VasilyTrader/ đź’°

âś…Facebook: www.facebook.com/VasilyTrading/ âś…
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.