Oil (WTI) Potential Long Term Play
We have a potential play setting up long term on Oil. On this weekly Chart you can see we are forming a nice Head and Shoulders reversal pattern on the Weekly chart and are just waiting for it to complete and breakout to the upside for confirmation.
On the break of the neckline we would be waiting for the price action to present a good entry point with the first targets being set at $61.80 resistance followed by target 2 at $74.50
One for the watchlist
On the break of the neckline we would be waiting for the price action to present a good entry point with the first targets being set at $61.80 resistance followed by target 2 at $74.50
One for the watchlist
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.