• WTI crude oil reversed from support zone
• Likely to rise to resistance level 70.00
WTI crude oil recently reversed up from the support zone lying between the key support level 62.00 (which has been reversing the price from May) and the lower daily Bollinger Band.
The upward reversal from this support zone created the daily Hammer, which stopped the previous short-term ABC correction (ii).
Given the improvement in global risk sentiment – WTI crude oil can be expected to rise further toward the next round resistance level 70.00.
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies