USOIL H1 OUTOOK
The chart for CFDs on Crude Oil (WTI) on a 1-hour timeframe, with the current price at 77.257, highlights several Change of Character (ChoCh) and Break of Structure (BoS) points, indicating trend shifts and continuations. The price is moving towards a demand area, suggesting a potential bullish reversal. A projected "W" pattern indicates a possible double bottom before a bullish breakout, targeting around 80.500, with a stop-loss near 76.064.
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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.