Crude Oil (WTI): Preparing For Reversal 🛢️

Long

CFD Petrolio WTI (TVC:USOIL)

Aggiornato

TVC:USOIL CFD Petrolio WTI

mtfa supportandresistance headandshoulders futures oil crudeoil brent priceaction usoil ukoil containsimage

WTI Crude Oil closed, testing a major horizontal daily support.
The price formed an inverted H&S pattern on that on an hourly time frame.

Your bullish confirmation next week will be a bullish breakout of 83.37 level - its horizontal neckline. Hourly candle close above will confirm the violation.

A bullish continuation will be expected to 84.51 / 85.41 levels then.

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