WTI has been falling in the last few trading sessions inside the medium-term impulse wave (C), which started earlier from the resistance area lying between the strong resistance level 75.10 (which also reversed the price in July) and the upper weekly Bollinger Band.
The downward reversal from this resistance area created the strong weekly Japanese candlestick reversal pattern Shooting Star Doji, highlighted below.
Given the clear bearish divergence on the weekly Stochastic indicator – WTI is expected to fall further and re-test the next round support level 70.00.
Trump pushes for more Fed rate cuts, while no changes are expected from the ECB…
Crypto market stays near $3T amid correction, ETF inflows rise, sentiment weakens, and volatility expected…
Gold: ⬇️ Sell - Gold reversed from strong resistance level 4350.00 - Likely to fall to…
EURGBP: ⬆️ Buy - EURGBP reversed from support zone - Likely to rise to resistance level…
Filecoin: ⬇️ Sell - Filecoin broke key support level 1.435 - Likely to fall to support…
Ethereum: ⬇️ Sell - Ethereum reversed from resistance level 3400.00 - Likely to fall to support…
This website uses cookies
