CRUDE OIL (WTI) Trend Following Trade Explained

Long

CFD Petrolio greggio (WTI) (FX:USOIL)

FX:USOIL CFD Petrolio greggio (WTI)

Trend Analysis Double Top or Bottom Candlestick Analysis futures Oil Crude Oil WTI brent WTI Crude Oil Crude Oil Futures WTI (CL1!) Crude Oil Brent trading

trendanalysis doubletoporbottom candlestick futures oil usoil brent wti crudeoil cl1! ukoil trading

snapshot

WTI broke above a key horizontal daily/4h resistance level.

now the market retests it and we already see a formation of two dodji candles on that.

on 1H the price formed a double bottom formation and broke above its minor resistance
confirming a local bullish sentiment.

now bullish continuation is highly probable.

target levels:
42.3
43.4

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Idee correlate

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