– WTI broke support level 80.00
– Likely to fall to support level 78.00
WTI crude oil just broke the round support level 80.00, former resistance from May, which has been reversing the price from June.
The breakout of the support level 80.00 coincided with the breakout of the 38.2% Fibonacci correction of the previous upward impulse wave i from the start of June.
WTI crude oil can be expected to fall further to the next support level 78.00 (former minor support from the middle of June).
Saturday's statistics from China added to fears of a slowdown in the world's second-largest economy,…
Market Picture The crypto market started the weekend on a positive note but has been…
Influential financial media are promoting the need for a 50-basis point rate cut. The Fed's…
GBPCAD reversed from strong resistance level 1.7850 Likely to fall to support level 1.7700 GBPCAD…
- Ebay broke resistance level 62.00 - Likely to rise to the resistance level…
After three weeks of consolidation, gold moved decisively upwards, hitting a record above $2572 per…
This website uses cookies