• WTI reversed from support area
• Likely to rise to resistance level 108.80
WTI crude oil recently reversed up from the support area located between the key support level 97.60 (which has been reversing the pair from April) and the lower daily Bollinger Band.
The price is currently forming the daily Bullish Engulfing – which should stop the earlier downward correction (ii).
Given the clear uptrend – WTI crude oil can be expected to rise further toward the next resistance level 108.80 (which has been reversing the earlier waves 1 and (i)).
Market picture Crypto market capitalisation has been up 2% over the past seven days and…
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
This website uses cookies