• 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.
Brent Crude oil ⬆️ Buy - Brent Crude oil rising inside impulse wave c -…
USDJPY ⬆️ Buy - USDJPY broke resistance area - Likely to rise to resistance level…
Exxon Mobil ⬆️ Buy - Exxon Mobil broke resistance level 125.60 - Likely to rise…
Brent Crude oil ⬆️ Buy - BNB broke out of sideways price range - Likely…
US CPI data a bit softer than forecasts, sparking brief market optimism, but resistance remains.…
🛢️ Oil prices are finding fresh strength as geopolitical tensions in the Middle East reignite…
This website uses cookies