Market Snapshots

WTIUSD Wave Analysis – 22 November, 2019

WTIUSD Wave Analysis – 22 November, 2019
  • WTIUSD broke resistance level 58,00
  • Likely to rise to 61.33

WTIUSD recently broke though the resistance level 58,00 (which stopped earlier waves (i) and (b)) – intersecting with the 61.8% Fibonacci correction of the previous ABC correction 2.

The breakout of the resistance level 58,00 should accelerate the active impulse waves 3 and (3).

WTIUSD is expected to rise further toward the next pivotal resistance level 61.33 (which has been reversing the price from July).

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