WTI recently reversed up from the key support level 20.00 (which stopped the previous sharp impulse wave (i) in March), standing near the lower daily Bollinger Band.
The upward reversal from this support level stopped the previous impulse waves 3 and (iii).
Give the strength of the support level 20.00 and the clear bullish divergence on the daily RSI indicator – WTI is likely to rise further toward the next resistance level 25.00.
Market Picture The crypto market has been hovering in a narrow range for the past…
FTSE 100: ⬆️ Buy - FTSE 100 reversed from key support level 8425.00 - Likely…
Alibaba: ⬆️ Buy - Alibaba broke the key resistance level 145.00 - Likely to rise…
EURNZD: ⬇️ Sell - EURNZD reversed from long-term resistance level 1.9160 - Likely to fall…
AUDUSD: ⬆️ Buy - AUDUSD broke resistance level 0.6350 - Likely to rise to resistance…
Weak US retail sales are adding to concerns of a potential recession, putting pressure on…
This website uses cookies
