CRUDE OIL (#WTI): Potential Eventualities Defined 🛢
⚠️WTI Oil is presently caught on a key every day resistance.
Relying on the worth response to that, I see 2 potential eventualities.
Bullish Situation
If the market breaks and closes above 102.5 degree on a every day,
it can verify a breakout of the underlined resistance.
With a excessive likelihood, the market will proceed rising then.
Bearish Situation
I see an intraday consolidation on a 4H timeframe.
A bearish breakout of its help and a 4H candle shut beneath 100.2
will verify a retracement.
Because the oil market is closely manipulated, each eventualities are attainable.
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Each day/4H time frames
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