• WTI reversed from resistance level 82.55
• Likely to fall support level 79.40
WTI crude oil previously reversed down from the resistance level 82.55 (former strong support from October, which has been reversing all upward corrections after it was broken in November).
The downward reversal from the resistance level 82.55 stopped the previous minor correction 2.
Given the overbought daily Stochastic, WTI crude oil can then be expected to fall further toward the next support level 79.40 (low of the earlier correction from the start of April).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies