WTI Price Action – Bearish Below Role Reversal Level | Nov 12

WTI – Looking Weaker, Perhaps Breakdown Coming Soon (4hr chart)
After forming several pin bar rejections off the yearly lows and key support just above 76, WTI Crude Oil has been unable to muster any gains, and looks like bearish pressure is around, even at these lows.

For now, we have a wide range between the role reversal level at 79.60 and 76. If support gives way, below 75 there isn’t much till 70 or 68, so potentially a lot of downside. Only clearly 80 negates the bear trend ST.


Today in our members trade setups commentary, we also cover the GBPJPY, AUDUSD, NZDUSD & USDJPY.

Watch a video of a live trade setup where I profit +130 pips and +4.25R using our price action strategies.

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

Related Article