CRUDE OIL (WTI) Bullish Outlook For Next Week Explained 🛢️

Long

CFDs on WTI Crude Oil (TVC:USOIL)

Updated

TVC:USOIL CFDs on WTI Crude Oil

Double Top or Bottom Trend Lines Candlestick Analysis Crude Oil brent WTI wticrude futures Crude Oil WTI forecast Technical Analysis Contains image

doubletoporbottom trendline candlestick crudeoil brent wti wticrude futures usoil forecast technicalanalysis containsimage

snapshot

WTI Crude Oil formed a double bottom formation after a test
of a solid rising trend line on a daily.

Its neckline was broken this week.

The broken neckline and a trend line compose a contracting demand zone now.
A bullish continuation will be expected to 93.7 level from that.

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Comment:

The market respected a trend line
is it the time to grow now?

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