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).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY 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…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies