Crude IH&S, RS Potentially Printing
USDWTI - 1HGiven that one of the first things the new President did after inauguration was rejoin the Paris accord, you can't help but see rising gas prices on the horizon. Rather than filling drums and reselling them in 6 months, I ventured away from the cryptosphere and into the WTI charts.
The 1H chart seems to be printing the right shoulder as we speak. I may have longed at $53.05, eyeing a potential neckline breach at $53.85. Should the pattern print, it'll meet resistance $58.17. Should the neckline get rejected, $52.05 would be a target for a short.
This is not investment advice and trading crude oil is presumably high risk.
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