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$Trader @GDXTrader on x 11.5K followers
Created: 2025-07-21 23:42:25 UTC
$WTI
$WTI isn’t offering any compelling bullish setups at the moment.
After Friday’s long upper wick shooting star—a clear sign of intraday rejection and selling pressure within a sideways cluster of candles—today’s session confirmed the bearish tone with a continuation candle that closed right at the 50-day moving average and the lower support line of the ascending broadening wedge.
This follow-through signals that bears are gaining short-term control, and until we see a strong bullish pivot off support or a breakout above recent highs with conviction, the risk of further downside remains elevated.
Traders should remain cautious here, as the pattern lacks clear bullish structure or momentum.
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