Market Snapshots

WTI Wave Analysis – 19 December, 2019

WTI Wave Analysis – 19 December, 2019
  • WTI broke resistance area
  • Likely to rise to 62.90

WTI recently broke through the resistance area lying between the key round resistance level 60,00 and the resistance trendline of the daily up channel from the start  of October.

The breakout of this resistance area accelerated the active waves c and 2.

WTI is expected to rise further toward the next resistance level 62.90 (top of the previous correction (2) and the target for the completion of the active wave 2).

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