CRUDE OIL (#WTI): Potential Situations Defined 🛢
⚠️WTI Oil is at present caught on a key every day resistance.
Relying on the worth response to that, I see 2 potential situations.
Bullish State of affairs
If the market breaks and closes above 102.5 degree on a every day,
it’ll affirm a breakout of the underlined resistance.
With a excessive likelihood, the market will proceed rising then.
Bearish State of affairs
I see an intraday consolidation on a 4H timeframe.
A bearish breakout of its help and a 4H candle shut beneath 100.2
will affirm a retracement.
Because the oil market is closely manipulated, each situations are potential.
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Each day/4H time frames
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