VasilyTrader

CRUDE OIL (WTI): Bearish Outlook & Breakout 🛢️

Short
TVC:USOIL   CFDs on WTI Crude Oil

WTI Crude Oil formed a huge head and shoulders pattern on a daily.
With the release of the yesterday's fundamentals, the market dropped
and sharply violated its neckline and a solid rising trend line.

2 broken structures compose the expanding supply zone.

I will look for shorting from there,
anticipating a bearish continuation at least to 77.8 support.

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