After its racy rush upwards into the red zone between $111.46 and $131.21, WTI has slammed on the brakes at the resistance line at $130.50 and turned around with screeching tires to race down into the orange zone between $96.40 and $88.38. There, WTI should finish wave a in orange and then ride a short loop upwards to complete wave b in orange. After this daring feat, the drive should go on downwards below the support at $80.98 and into the green zone between $70.12 and $35.77.
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.