• WTI reversed from support zone
• Likely to rise to resistance level 72.00
WTI recently reversed up from the support zone lying between the key support level 66.20 (former resistance from May), support trendline from April, lower daily Bollinger band and the 61.8% Fibonacci correction of the upward impulse from May.
The upward reversal from this support zone stopped the earlier short-term ABC correction 2 from the start of July.
Given the prevailing uptrend – WTI can be expected to rise toward the next round resistance level 72.00.
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies
