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CFDs on WTI Crude Oil
Short

CRUDE OIL (WTI) Waiting For Breakout🛢

By VasilyTrader
snapshot

WTI Crude Oil has recently dropped to a key daily structure support.
The market is currently trading within a horizontal range.

To catch the next trend-following move, watch 81.85 - 83.4 horizontal demand zone.
Wait for its bearish breakout - daily candle close below that, then sell aggressively or on a retest.

Targets will be 79.7 / 76.5

Alternatively, a bullish breakout of the underlined resistance may trigger a bullish movement.

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Candlestick AnalysisCrude Oil Futures WTI (CL1!)CommoditiesCrude OilElliott WavefuturesSupply and DemandCrude Oil BrentCrude Oil WTIWTI
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