WTI Crude oil: ⬆️ Buy
– WTI Crude oil reversed from pivotal support level 62.00
– Likely to rise to resistance level 65.45
WTI Crude oil recently reversed from the support area between the pivotal support level 62.00 (which has been reversing the price from August, alternating between the support and resistance roles) and the 38.2% Fibonacci correction of the upward impulse from December.
The upward reversal from this support area stopped the previous minor ABC correction 2.
WTI Crude oil can be expected to rise to the next resistance level 65.45 (which has been reversing the price from September).