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Could WTI crude oil fall toward $81?
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ticker lesson
Breakdown
0:00WTI· ticker
WTI — down 3.2% weekly, parallel channels forming
- WTI down 3.2% weekly
- Two parallel channels forming
- Down, up, down, down, up, down
- Close enough for government work
0:30WTI· ticker
WTI — 2-hour chart shows flag pole forming
- 2-hour chart shows flag pole forming
- Flag pole forming a bare flag
- Bias initially lower on WTI
- Parallel channel to catch it
1:10WTI· ticker
WTI — moving averages and measured target
- 50 and 150-day moving average below
- Measured target could drop below 200-day MA
- Hit 200-day MA at $81, $82
- Bounce likely at $81, $82
2:00USO· ticker
USO — trade opportunity at 200-day MA
- Buy calls on USO or just buy USO
- Potential to make a couple of bucks
2:20WTI· ticker
WTI — peace deal talks and chart bias
- Peace deal talks not going to happen
- Bounce up possible
- Charts suggest it will go down
Informational only — this is In it to Win it’s content, decoded by Plutus. Not Paid Daily’s advice or a recommendation. The outline, timestamps, and claims are extracted from what the creator said; verify before acting.