• WTI reversed from support zone
• Likely to rise to resistance level 69.20
WTI recently reversed up from the support zone set between the key support level 61.60 (previous monthly low from May), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impusle from November.
The upward reversal from this support zone stopped the pervious short-term impulse wave 3.
Given the strong uptrend, WTI can be expected to rise further toward the next resistance level 69.20 (top of wave 2 from the start of August).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies
