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Could WTI fall toward $84 next week?
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ticker lesson
Breakdown
0:00WTI· ticker
WTI — down 1.3% week, parallel channels
- Down 1.3% for the week
- Two parallel channels
- Second parallel forming at bottom
- Bare flag pattern
- Support at rising 200dma
- Downside to $84 or lower
1:40Brent· ticker
Brent — up 5.1% week, bull flag
- Up 5.1% for the week
- Bull flag pattern
- Contrast with WTI
- Upside to 112
1:41lesson
Contrasting WTI and Brent movements
- Dual movement in WTI and Brent
- Charts predicted WTI down, Brent up
- Actual outcome matched charts
- War impact on oil prices
- Need for expert analysis
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