CRUDE OIL is trading in a massive wedge
Daily chart shows two bullish legs finished to the resistance area and now the price is retesting a horizontal resistance.
WTI price will make a pullback and possible targets for short positions to support level zone around 72.20
Towards the local support below.
On the other hand swing structure is to the upside. Long -term Sitting right below liquidity, which gives it a higher probability.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Daily chart shows two bullish legs finished to the resistance area and now the price is retesting a horizontal resistance.
WTI price will make a pullback and possible targets for short positions to support level zone around 72.20
Towards the local support below.
On the other hand swing structure is to the upside. Long -term Sitting right below liquidity, which gives it a higher probability.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.