WTI Oil continues to decline
Hello everyone,
WTI Oil 4H NEW FORECAST
Oil price fluctuates positively, approaching testing the pivotal resistance 79.60.
The price needs to remain below this level for the bearish corrective trend to remain effective.
Breaking 79.60 represents the key to starting recovery attempts and achieving gains up to 81.50 initially.
Moving average 50 supports the suggested bearish wave.
Our targets start at 77.65 and extend to 75.25 after breaking the previous level.
Expected trading range for today:
Support: 78.83
Resistance: 79.70
WTI Oil 4H NEW FORECAST
Oil price fluctuates positively, approaching testing the pivotal resistance 79.60.
The price needs to remain below this level for the bearish corrective trend to remain effective.
Breaking 79.60 represents the key to starting recovery attempts and achieving gains up to 81.50 initially.
Moving average 50 supports the suggested bearish wave.
Our targets start at 77.65 and extend to 75.25 after breaking the previous level.
Expected trading range for today:
Support: 78.83
Resistance: 79.70
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.