WTI recently broke through the support area lying between the round support level 60.00 (former resistance from March) and the support trendline of the daily up channel from February.
The breakout of this support area accelerated the active medium-term impulse wave (3) of the downward impulse sequence ③ from April.
WTI is expected to fall further and retest the next support level 57.50 (former resistance from February).
- 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