VasilyTrader

Crude Oil (WTI): When to Expect Bearish Wave???

FX:USOIL   크루드 오일 (WTI) CFDs

I guess we can not deny that oil returned back to its "normal prices".
I am so surprised by how quickly the market managed to recover, though lockdowns and restrictions still continue.

I guess market participants on oil are TOO optimistic. And the optimism will inevitably lead to a correction.

On a weekly, I have identified a major resistance cluster.
That structure is based on a falling trend line and a horizontal resistance.

Most likely a pullback will be initiated from that zone. So be very careful buying and instead, look for opportunities to sell.

Can we expect a bearish wave on oil?
What is your view?

Please, support this idea with like
Thank you!

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.