West Texas Oil
Long

WTICOUSD long move

104

In the four-hour chart of BCOUSD, the market is currently exhibiting a bullish momentum or uptrend. However, it is expected that the price will encounter the first resistance and then continue the recent upward move.

Key levels:
The first resistance level in the market is at 83.440, where there is a likelihood of sellers entering around this price level. The second resistance level is at 90.317, which aligns well with a 61.8% Fibonacci retracement correction.
The first support level for BCOUSD is at 76.291, which can potentially limit downward movements. The second support level is positioned at 72.198.

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.