Crude oil (WTI) has broken out of a long-term symmetrical triangle signaling bullish continuation after weeks of tight consolidation. This move reflects renewed buying pressure and potential for a strong rally ahead Technical Highlights Symmetrical triangle breakout confirmed Clean structure with support at $60.23–$59.83 holding firm Price pushing through minor resistance at $63.86, eyeing next zones
Psychological target 72.10
Resistance; levels 63.80 - 67.10 - 72.10
Support levels 60.30 - 59.80
With bullish momentum building a rally toward 67.10 and potentially 72.10 looks increasingly likely As long as price holds above 60.00 the bullish case remains intact...
Thank you for the continued support—your likes and comments keep this community growing and motivate me to deliver even more valuable analysis!
best regards –TrendZelda!
Psychological target 72.10
Resistance; levels 63.80 - 67.10 - 72.10
Support levels 60.30 - 59.80
With bullish momentum building a rally toward 67.10 and potentially 72.10 looks increasingly likely As long as price holds above 60.00 the bullish case remains intact...
Thank you for the continued support—your likes and comments keep this community growing and motivate me to deliver even more valuable analysis!
best regards –TrendZelda!
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Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.