USOIL (Crude OIL) /WTI Full Top Down Analysis

After rising paraboilically in past few weeks, USOIL completed a multi year W pattern and fell down for a correction. After a parabolic move, a market usually falls down to a shallow target level and tries to consolidates a bit before retesting few levels and making its move again in further correction. WTI (Crude Oil) is in the second stage of it. It is right now consolidating on higher time frames and is trying to test few levels before it starts to fall again. In this Crude Oil Analysis & Forecast Updates - WTI (USOIL) Technical Analysis For April 05, 2022 we will see the scenarios which may come in the play while trading USOIL.

Market conditions are still not very good and we have a new quarter along with new week starting. So trade what you are comfortable with. Do not rush into trades.

Trade what you see and ignore any hypes. Stay objective.

Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too

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Take care and trade well
-Vik

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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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