Let me analyze WTI from my point of view. If you look back at the chart above, at the 61.8% Fibonacci retracement level (Fib 1) at the price of 45.48 has been formed, which means we hope to sell it. The first target is at the price of 43.90 at the Fibonacci retracement level of 161.8% (Fib 2), and then the second target is at the price of 42.85 at the level of 261.8% (Fib 2). If it turns out that the price is fighting the upward direction and crosses the price of 45.60 (Border line), then the possibility of WTI will continue upwards.
Commentaire:
Adding charts as support.
So we move to the position of the change in the price of buying WTI, if the price goes above 46.06 (Fib 1). And also I include additional charts to support this idea.