WTI Light Crude Oil (18H) – Technical Analysis

1️⃣ Bullish Triangle Pattern
The chart forms a bullish triangle, with higher lows and a descending trendline. This indicates potential accumulation before an upward breakout.

2️⃣ Strong Support Level
The $68-$69 support zone, established in September, has held firm, showing strong buying interest and rejecting further downside.

3️⃣ Broken Resistance Line
The descending trendline has been broken, signaling a shift in momentum toward buyers.

4️⃣ Potential Uprise
The breakout suggests upside potential toward:

🟢 Target 1- $71.23
🟢 Target 2-$73.00
🟢 Target 3-$77.54

Got questions? Let me know!
Chart PatternsTechnical IndicatorsTrend Analysis

📈 6 years in the financial markets! I share daily signals, analysis, and market news. Want to trade smarter? Join my Telegram for exclusive insights.

Telegram Link: t.me/charts_M7M
Również na:

Wyłączenie odpowiedzialności