Crude Oil (#WTI): Have You Seen That GAP? – Analytics & Forecasts – 3 April 2023

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Crude Oil (#WTI): Have You Seen That GAP? 🛢

With a sudden OPEC decision to cut oil production rate,

🔻WTI Oil opened with a huge gap up.

The price is currently testing a solid horizontal supply cluster.

What we know about gaps is the fact that in 80% of the time they tend to be filled.

I believe that sellers will push the price from the underlined resistance and initiate a bearish move.

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