WTI Crude Oil 1H – Explosive Breakout from Symmetrical Triangle

6월 19일

WTI Crude Oil (1H) – Explosive Breakout from Symmetrical Triangle
The 1-hour chart of WTI Crude (CFDs) has delivered a textbook breakout from a well-formed symmetrical triangle pattern with aggressive follow-through momentum

Technical Breakdown
Structure: The market printed a classic A-B-C-D triangle consolidation with price compressing within narrowing highs and lows.
The breakout occurred just above the 74.47 resistance zones signaling strong bullish intent Post-breakout price surged sharply with minimal pullbacks suggesting institutional activity and momentum-driven buying.

Resistance: 74.47 (broken and now acting as support
Previous support near 68.00
Psychological Target 82.50

Market Context
The measured move projection from the triangle matches the current rally extension This behavior often occurs in continuation phases following accumulation. Volume and price action confirm a bullish breakout with clean structure and no major rejection thus far

Summary
WTI Crude has broken out from a high-probability consolidation zone with bullish follow-through momentum toward 82.50 As long as price holds above the breakout zone, further upside is likely Triangle breakouts like this offer great momentum opportunities when paired with volume confirmation and clean structure.

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Best Regards TrendLinford!

6월 24일

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