CRUDE OIL (WTI): Will The Gap Be Filled?!🛢️

٩ أكتوبر ٢٠٢٣

https://www.tradingview.com/x/8mX4iwDB/

WTI Oil opened with a huge gap up due to the Israeli - Palestinian conflict.
As you know, the is always up to 80% chance that the gap will be filled.
For us, it can be a nice shorting opportunity.

To trade that with a confirmation, focus on 84.5 - 85.0 area.
That is a minor intraday support that is based on gap close level
and recent historical price action.

My bearish confirmation will be a 4H candle close below that - its breakout.
I will anticipate a bearish movement to 83.1 - gap opening level.

As always, pay close attention to events.
A new higher higher higher close will indicate the escalation of the conflict.

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