– WTI crude oil reversed from key support level 68.00
– Likely to rise to resistance level 72.80
WTI crude oil recently reversed up from the key support level 68.00 (which has been reversing the price from the start of May) , coinciding with the lower daily Bollinger Band.
The upward reversal from the support level 68.00 created the daily Japanese candlesticks reversal pattern Hammer.
Given the strength of the support level 68.00, WTI crude oil can be expected to rise further toward the next resistance level 72.80 (top of the previous correction 2).
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