• WTI reversed from resistance level 95.00
• Likely to fall to support level 86.25
WTI crude oil recently reversed down with the Bearish Engulfing from the resistance level 95.00 (which has been reversing the pair from the start of August), intersecting with the upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from June.
The downward reversal from the resistance level 143.00 started the active short-term impulse wave 5.
WTI crude oil can be expected to fall further toward the next support level 86.25 (low of the previous impulse wave 3).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies