A video titled “WTI – strong upside continuation in the play” by Petar Jaćimović presents a trade idea focused on further gains in WTI crude. The source frames the setup as an upside continuation theme and positions the content as an explanation of the trade rationale and approach.
Technical Breakout and Market Drivers
We are seeing a strong technical breakout in WTI crude oil that signals a powerful upside continuation in the coming weeks. Derivative traders should position themselves to capture this momentum by focusing on call options or long futures contracts. This bullish pattern is supported by tightening global supplies and rising seasonal demand as we head into the colder months of the year.
Recent market data shows that commercial crude inventories have fallen well below their five-year seasonal average, reflecting a tightening physical market. Additionally, OPEC+ continues to restrict supply by keeping major production cuts active, which keeps the global market in a structural deficit. These supply-side pressures are driving WTI prices past key resistance levels, confirming our bullish outlook.
Historical Patterns and Trade Strategy
Historically, when WTI breaks out during this period of the year, it has shown a strong tendency to rally by an average of 8% to 12% over the following month. We suggest traders target the next major resistance levels near $85 to $88 while keeping protective stops tight below the recent breakout zone. Using option spreads can also help manage the potential volatility from upcoming macroeconomic data releases.
