• WTI broke key support level 82.90
• Likely to fall to support level 76.30
WTI recently broke the key support level 82.90 (which stopped the previous wave (B) from the middle of October), intersecting with the 61.8% Fibonacci correction of the upward ABC correction (B) from September.
The breakout of the support level 82.90 accelerated the active short-term impulse wave 3.
Given the accelerating daily downtrend, WTI can be expected to fall further toward the next support level 76.30 (former monthly low from September, target for the completion of the active impulse wave 3).
- 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