$WTI $Oil = Going Down = 03.11.2021 #WTI #investing #commodities

WTI closed below $80.62 today. In Candlespeak it means it is going down, almost guaranteed. Oil might take a pause for a few days, but a continued move downwards is much more likely than the opposite one.
The formation can be also viewed as a Double Top with a minimum target of ~$76.
In order to flip the odds back to the bullish side, WTI needs to advance tomorrow at least 1.6-1.7%.

The alert was posted earlier today.


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