WTI Crude Oil Price Forecast

Aside from Crypto and Stocks, I also look at economical indicators, metals, and commodities.

I will be adding these to my ideas moving forward starting with the analysis on WTI Crude Oil price.

WTI Crude Oil was in a multi-year descending triangle, which it broke out of and retested the top of the trendline in August 2021. The price is on it's way upwards.

Something I learned from a trading mentor is when in doubt, zoom out and look left.

I took a fractal pattern from 2009-2013 which looks very similar to how the price is playing out currently and overlaid it in the current price range.

Furthermore, I added in the fib levels to see where we can be able to get to before some level of retracement. It seems that $95-$100 price range may be in the cards as the price may get to fib level 0.618 before a rejection.

I will keep the community updated on this.

What are your opinions on this? Comment below, hit the like and follow me. Thank you!

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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins