WTI crude oil: ⬆️ Buy
– WTI reversed from the multi-month support level 64.90
– Likely to rise to resistance level 68.60
WTI crude oil recently reversed sharply from the powerful multi-month support level 64.90, which stopped the previous sharp downtrend at the start of September.
The upward reversal from the support level 64.90 will likely form the daily Japanese candlesticks reversal pattern Morning Star Doji.
Given the strength of the support level 64.90 and the oversold daily Stochastic, WTI crude oil can be expected to rise further to the next resistance level 68.60.
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