WTI Long to 81.3 then Short to 73
$WTI Crude Oil - main 2310(CLmain)$ $Micro WTI Crude Oil - main 2310(MCLmain)$
We have a W formation inside an H&S. The 55- and 100-day SMAs may provide support in the 75.50 – 75.80 area.
On the topside, resistance might be at the recent peak of 81.75 ahead of the breakpoints near 83.40 ahead of the prior high at 84.89.
On AUG20, We have a confirmed Inv H&S on WTI with TP at 83.5. Might go down to 80 first. If it can close below 78.9, the H&S is invalidated, but so far so good.
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