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CRUDE OIL (WTI) Year's High Ahead! Important Update 🛱

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CFDs pĂ„ WTI rĂ„olja (TVC:USOIL)  
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TVC:USOIL   CFDs pĂ„ WTI rĂ„olja
Support and Resistance Multiple Time Frame Analysis Parallel Channel WTI Oil Crude Oil Crude Oil Futures WTI (CL1!) brent futures Crude Oil WTI Crude Oil Brent
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supportandresistance mtfa parallelchannel wti oil crudeoil cl1! brent futures usoil ukoil
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Hey traders,

WTI Oil is approaching a key weekly/daily structure resistance.
76.8 - 77.2 is our potential reversal zone.
Being heavily overbought, we may catch a pullback from that.
Our confirmation will be a bearish breakout of a rising channel on 4h.

In case of a 4H candle close below its support, a bearish continuation will be expected.
Goals will be: 74.0/73.0

Alternatively, in case of a daily candle close above the underlined zone, a bullish continuation will be expected.

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