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.
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies
