Crude Oil (WTI): Technical Outlook For Next Week 🛢️

١٤ أغسطس ٢٠٢٢

Hey traders,

WTI OIL is currently trading within a falling expanding wedge pattern.
While the market stays within its boundaries we remain bearish biased.
The price started to fall from a minor horizontal resistance in the middle of the wedge on Friday.
I guess that the price may drop even lower after the market opening.

Two underlined resistances are on focus for breakout/pullback trading.

I will post an update once I see a decent confirmation.

Good luck!

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١٥ أغسطس ٢٠٢٢

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