Update for WTI Oil. As you remember we spotted a major expanding wedge pattern on a daily time frame. Now the price is approaching its lower boundary.
Taking into consideration that the market is trading in a long term bullish trend, I am looking for buying opportunities at the moment.
My confirmation to buy will be a bullish breakout of a falling parallel channel on an hourly time frame. Then the price will most likely grow at least to 72.0 level.
In case of a bearish breakout of a blue potential reversal zone, the setup will be invalid.
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