Crude Oil (WTI) Short Trade Explained 🛢️

3 Okt 2022

WTI Crude Oil opened with a nice gap today.
What we know about the gaps is the fact that 80% of the time they are filled.

To trade this gap, watch 81.3 - 81.5 horizontal support.
It is a neckline of a double top pattern.
Wait for 1H candle close below that, then short on a retest.

Initial target will be 79.8

If the price sets a new high, the setup will be invalid.

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