CRUDE OIL (WTI): One More Breakout 🛢️

Short

CFDs on WTI Crude Oil (TVC:USOIL)

Updated

TVC:USOIL CFDs on WTI Crude Oil

Supply and Demand Candlestick Analysis Wave Analysis Oil Crude Oil brentoil futures oilsignals oiltrading Crude Oil WTI Crude Oil Brent Contains image

supplyanddemand candlestick waveanalysis oil crudeoil brentoil futures oilsignals oiltrading usoil ukoil containsimage

snapshot

Crude Oil violated a major horizontal demand zone.
The broken structure turned into a strong supply area.

We can anticipate a further decline from that to 74.2 support.

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Comment:

The market is approaching our wide horizontal supply area.
Wait for a confirmation to sell on lower time frames next week!

Comment:

Check the updated intraday analysis with a strong bearish confirmation:

CRUDE OIL (WTI): Intraday Bearish Confirmation?! 🛢️

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