• WTI under bullish pressure
• Likely to rise to 35.00
WTI has been under bullish pressure after the price broke the resistance zone located between the resistance level 29.17 (top of the previous waves 4 and (ii)) and the 50% Fibonacci correction of the previous downward impulse from February.
The breakout of this resistance zone accelerated the C-wave of the active medium-term corrective wave (4). WTI is likely to rise further toward the next resistance level 35.00 (former resistance from March and the target for the completion of wave (4)).
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…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
This website uses cookies