CRUDE OIL (WTI): Consolidation & Complete Indecision ๐ข๏ธ
https://www.tradingview.com/x/Tv5zktC9/
WTI Crude Oil is consolidating within a range on a daily since the beginning of November.
Depending on the reaction of the price to its boundaries, I see 2 potential scenarios.
Bullish Scenario
If the price breaks and closes above 80.85 - the upper boundary of the range,
I will anticipate a growth to 82.50.
Bearish Scenario
In case of a breakout of 72.20 support, we may anticipate a bearish movement
to 87.35 level.
Wait for a breakout, that will give you a strong bullish or bearish confirmation.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
WTI Crude Oil is consolidating within a range on a daily since the beginning of November.
Depending on the reaction of the price to its boundaries, I see 2 potential scenarios.
Bullish Scenario
If the price breaks and closes above 80.85 - the upper boundary of the range,
I will anticipate a growth to 82.50.
Bearish Scenario
In case of a breakout of 72.20 support, we may anticipate a bearish movement
to 87.35 level.
Wait for a breakout, that will give you a strong bullish or bearish confirmation.
โค๏ธPlease, support my work with like, thank you!โค๏ธ
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