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chiefcapitalfx

wti crude oil bearish rising wedge pattern (reversal)

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CFDs em Petróleo Bruto WTI (TVC:USOIL)  
chiefcapitalfx  
TVC:USOIL   CFDs em Petróleo Bruto WTI
Trend Analysis Chart Patterns Crude Oil WTI CFD futures Rising Wedge bearishrisingwedge
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trendanalysis chartpattern crudeoil wti cfd futures risingwedge bearishrisingwedge
on a weekly timeframe, it also shows a rising wedge pattern and another one is confirmed with the 4hr and 1hr timeframe so it should be suspected that the market is most likely going to go downwards.

Looking to hit the 55.30 area roughly with a stop loss slightly inside the red area which is 67.04 (resistance)

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