WTI today broke through the support area lying between the key support levels 55.00 (monthly low from November of 2017) and 56.00 (which stopped the price earlier this month).
The breakout of this support area continues the active short-term impulse wave C – which belongs to the intermediate ABC correction (4) from the start of July.
WTI is expected to fall further and re-test the next round support level 50.00 (target price for the completion of the active impulse wave C).
Solana: ⬇️ Sell - Solana reversed from the resistance zone - Likely to fall to…
CHFJPY: ⬆️ Buy - CHFJPY broke resistance zone - Likely to rise to resistance level…
Market Picture The crypto market has been hovering in a narrow range for the past…
FTSE 100: ⬆️ Buy - FTSE 100 reversed from key support level 8425.00 - Likely…
Alibaba: ⬆️ Buy - Alibaba broke the key resistance level 145.00 - Likely to rise…
EURNZD: ⬇️ Sell - EURNZD reversed from long-term resistance level 1.9160 - Likely to fall…
This website uses cookies