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West Texas Oil
Long

Oil Monthly Reversal.

71
We can see that prices for Oil have dropped drastically over the past 2 weeks with a previous a consolidation phase and Bullish channel being broken. Bat formation is visible followed by a five drive pattern formation hoping for price to keep above major support area 50.48 and retest for a long position to level 65.00 as a TP. Keep note that oil prices are expected to drop in january...
War_Horse_Trading_Fx
Chart PatternsHarmonic PatternsTrend Analysis

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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.
Chart PatternsHarmonic PatternsTrend Analysis
War_Horse_Trading_Fx

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.